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  • MPC members argued that tighter financial conditions were doing the job of rate hikes for now.
  • The Market Participants Survey in particular appears to have been influential in Governor Bailey’s view.
  • But the MaPS suggests the MPC will have to hike this summer to maintain financial conditions.

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Keywords for: 6 May 2026 UK Monitor

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