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5th May 2022 18:00U.K., Daily Monitor

At least two MPC members now think Bank Rate does not need to rise any further in the near term.

The MPC’s three-year ahead forecast for inflation, based on market rates, is its lowest for over 13 years.

Markets’ rate expectations fell yesterday, but they still look too high in light of the MPC's new projections.

cpi cpi inflation energy energy prices gdp growth interest rate interest rate expectations interest rates June May monetary policy mpc mpc members Ofgem policy productivity q2 unemployment unemployment rate

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Keywords for: New Forecasts Imply the MPC Intends Only One-to-Two More 25bp Hikes

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