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  • Guarded language from the MPC suggests some pushback against market pricing of three hikes in 2026.
  • But rate-setters must be wary, given de-anchored inflation expectations and low trust in the central bank.
  • The Spring Statement outlines high levels of issuance, which will continue to push up the neutral rate.

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Keywords for: 27 March 2026 UK Monitor

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