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4th Oct 2024 09:41UKWeekly Monitor

  • BoE Governor Bailey’s Guardian interview has raised the risk of rate cuts at consecutive MPC meetings.
  • We expect the MPC to cut once a quarter, but see four rate cuts in 2025 from three previously.
  • We expect higher inflation than the MPC, growth remains solid and MPC guidance is for gradual cuts.

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Keywords for: 7 October 2024 UK Monitor

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