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7th Nov 2024 10:46UKDaily Monitor

  • The MPC cut Bank Rate by 25bp in an eight-to-one vote, matching consensus expectations.
  • But the MPC raised its inflation forecasts more than expected, and the minutes read more cautiously.
  • We change our BoE call, now expecting three 25bp rate cuts in 2025, compared to four previously. 

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Keywords for: 8 November 2024 UK Monitor

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