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20th Mar 2024 17:30UK, Daily Monitor

  • The MPC’s tweaked guidance moves it closer to cutting rates.
  •  It continues to set sizeable hurdles to the first cut, downplaying weakening wages and inflation.
  •  We expect the MPC to cut Bank Rate in June, but still see risks skewed to a delay until August.

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Keywords for: 22 March 2024 UK Monitor

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