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4th Aug 2022 15:52U.K.,

The MPC's forecasts signal clearly that markets' medium-term expectations for Bank Rate are too high.

But concerns about persistence in domestic price setting, and looser fiscal policy, will spur further hikes.

We now expect the MPC to raise Bank Rate to 2.00% in September and 2.25% in November, and then to pause.

bank rate committee cpi cpi inflation election energy energy prices fiscal policy food forecasts gdp gilt growth headline rate households implications income inflation interest rates July June labour labour costs markets monetary mpc mpc members October oil policy q4 real incomes September supply unemployment unemployment rate

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Keywords for: 5 Aug 2022 UK Monitor

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