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3rd Nov 2022 16:16U.K., Daily Monitor

  • The MPC’s forecasts suggest it needs to raise Bank Rate only by a further 50bp to hit the 2% inflation target.
  • The required tightening could be even smaller, depending on the size and timing of upcoming fiscal measures.
  • The MPC, however, still is nervous about upside inflation risks, so we still expect Bank Rate to rise to 4.0%.

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Keywords for: 4 Nov 2022 UK Monitor

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