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1st May 2024 17:48UKDaily Monitor

  • Inflation and growth have beaten MPC forecasts, but market rate expectations have overreacted.
  • So, next week’s new MPC forecasts will signal earlier and more cuts than the market is currently pricing.
  • We expect the MPC to vote 8-to-1 to keep rates onhold and still look for the first cut in June.

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Keywords for: 3 May 2024 UK Monitor

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