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5th May 2023 14:59U.K., Weekly Monitor

  • A 25bp increase in Bank Rate to 4.50% this week has been a done deal since March's CPI figures came in hot.
  • The MPC will revise up its GDP forecast, but will still predict emerging slack and sub-2% medium-term inflation...
  • ...This will hint that the MPC does not expect to hike rates again, but it will avoid giving clear verbal assurances.

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Keywords for: 9 May 2023 UK Monitor

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