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24th Jul 2024 10:24UKDaily Monitor

  • We expect the MPC to vote six-to-three to keep Bank Rate on hold at next Thursday’s policy meeting.
  • The MPC said its decision depends on GDP, services inflation and wages; all have exceeded its forecasts.
  • It will be a hawkish cut if rate-setters do go ahead, with their guidance likely cautious about future easing.

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Keywords for: 26 July 2024 UK Monitor

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