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2nd Nov 2023 18:18UK, Daily Monitor

  • The MPC’s forecasts imply it doesn’t expect to cut Bank Rate next year, even as modestly as markets expect...
  • ...But Mr. Bailey downplayed the forecasts, and the pledge tokeeprates“restrictive” stillleavesroomforcuts.
  • We expect services CPI inflation in Q4 to undershoot the MPC’s forecast, easing concerns about upside risks.

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