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24th Jan 2024 19:36UK, Daily Monitor

  • The MPC will slash its forecast for CPI inflation in 2024 after encouraging recent data and natural gas price falls.
  • This revision will persuade the hawks to join the majority, but concerns about the medium-term outlook will linger.
  • The MPC will try to counter market pricing for swift rate cuts by forecasting above-2% inflation two-years ahead.

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Keywords for: 26 January 2024 UK Monitor

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