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14th Jan 2024 21:07U.K., Daily Monitor

  • Investors now attach a small probability to the MPC cutting Bank Rate by 50bp at one of its meetings.
  • Almost one-third of Bank Rate cuts have been larger than 25bp, but the odds are low this year.
  • Markets aren’t stressed, recession risks are easing and the MPC would prefer sub-2% to above-target inflation.

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Keywords for: 16 January 2024 UK Monitor

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