Pantheon Macroeconomics

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  • We expect the MPC to vote 7-to-2 vote to keep Bank Rate on hold at next week’s policy meeting.
  • Rate setters are focused on inflation which is proving persistent, while job falls should ease.
  • We look for rate setters to slow QT to £70B a year from October, with sales skewed to shorter durations.

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Keywords for: 12 September 2025 UK Monitor

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