21 March 2025 UK Monitor MPC keeps the option to skip a quarter as job growth holds up
19th Mar 2025 09:08UKDaily Monitor
- The surprisingly hawkish 8-to-1 vote to hold rates, and guidance changes, signal a more cautious MPC.
- Saying policy is not “on a pre-set path” gives the MPC the option to skip a cut at May’s meeting.
- The risk of a sharp job fall fades as the hard data hold up; pay growth remains too strong for 2% inflation.
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