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25th Mar 2024 09:17UK, Daily Monitor

  • Last week the MPC hammered home the message that rate cuts are coming soon.
  • The Committee will likely reduce inflation persistence in its May forecasts, setting up a June rate cut.
  • We think the MPC will cut more slowly than the market expects, as it learns from the data where neutral is.

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Keywords for: 26 March 2024 UK Monitor

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