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4th Nov 2021 18:00U.K., Economic Monitor

  • On balance, we still think the MPC won't act next month; Mr. Bailey hinted October's labour data may not suffice.
  • The MPC's inflation forecasts seemingly support markets' view that rates will rise to 1.0% by the end of 2022...
  • ...But they are based on implausible energy price figures; its spare capacity forecasts point to a lower rate path.

asset bank bank rate committee country cpi cpi inflation demand economy electricity energy energy prices forecast forecasts futures prices gdp gdp growth growth inflation inflation forecasts investors it labour labour data labour market leave market markets members monetary monetary policy mpc mpc members natural gas ONS policy prices rates remain supply unemployment unemployment rate

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