29 January 2026 UK Monitor MPC preview: on hold, still guiding to another cut, eventually
27th Jan 2026 10:14UKDaily Monitor
- We expect the MPC to vote six-to-three to keep Bank Rate on hold at its February 5 meeting.
- The decision is a foregone conclusion, so focus will be on the guidance, which we expect to change little.
- Pay settlements likely slowing only slightly in 2026 will keep the MPC coy about the timing of the next cut.
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