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8th May 2024 17:22UKDaily Monitor

  • A triple whammy of changes from the MPC suggests a June rate cut is more likely than not.
  •  Two rate-setters voted for a cut, and MPC forecasts indicate three Bank Rate reductions this year.
  •  The MPC’s guidance signals that pay settlements data over the next two months could seal the deal.

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Keywords for: 10 May 2024 UK Monitor

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