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23rd Sep 2022 14:33U.K., Daily Monitor

  • A recession now is all but inevitable; the key questionis how the pain will be distributed.
  • Hiking Bank Rate to 6% would crush domestically-generated inflation; mortgage defaults would soar.
  • Hiking more slowly would depress sterling and boost imported inflation, but is the lesser evil for the MPC.

BoE brexit cpi cpi inflation fuel government house prices interest payments interest rates July loans May mortgage mpc mps November policy real disposable incomes recession refinancing sterling tax cuts unemployment unemployment rate us yields

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Keywords for: 27 Sept 2022 UK Monitor

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