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26th Nov 2024 11:51UKDaily Monitor

  • A rash of MPC-speak in the past two weeks suggests broad agreement on “gradual” rate cuts.
  • The MPC will wait to see pay settlements in the New Year before cutting again and firming guidance.
  • We expect three 25bp cuts in 2025, with risk biased to more as a cautious MPC may need to catch up.

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Keywords for: 28 November 2024 UK Monitor

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