12 April 2024 UK Monitor The MPC can cut before the Fed, but it will have to be careful
10th Apr 2024 15:11UK, Daily Monitor
- UK interest rates have followed the US in most major cycles since the mid-1970s.
- Exceptions to this when the economies have diverged mean the MPC can cut rates in June as inflation slows.
- The MPC will be cautious about the pace of cuts, given sticky services inflation and to avoid GBP falling.
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