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19th Aug 2024 10:19UKDaily Monitor

  • The MPC has shifted its focus away from inflation and wages to broader economic scenarios.
  • Even rate-setters voting for an August cut placed considerable weight on the more hawkish scenario.
  • Reduced data-sensitivity and the scenarios suggest gradual rate cuts, with the next one in November.

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Keywords for: 20 August 2024 UK Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence