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27th Apr 2022 18:00U.K., Daily Monitor

The MPC will hike Bank Rate by 25bp next week and revise up its near-term forecast for inflation sharply.

But its medium-term inflation forecast will signal that markets' rate expectations are far too high.

Expect the Committee to double down on its view that future tightening needs to be only "modest".

This publication is only available to UK Economic Research (Monitor) subscribers

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