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14th Sep 2023 19:31U.K., Weekly Monitor

  • Enter some text here...The recent upside surprise from wage growth will steer the MPC towards raising Bank Rate by 25bp this week.
  • The Committee won't rule out further increases in Bank Rate, but we think 5.50% will turn out to be the peak.
  • We expect the MPC to announce a target to reduce its gilt holdings by £95B over the next 12 months.

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Keywords for: 18 September 2023 UK Monitor

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