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November BOE MPC Preview
The Bank of England’s Monetary Policy Committee (MPC) is expected to reduce the Bank Rate by 25 basis points to 4.75 percent on November 7, 2024, in light of easing inflationary pressures. Recent data shows UK inflation has dropped from 2.2 percent in August to 1.7 percent in September, prompting a shift from a restrictive monetary policy to one that supports economic growth. The real economy is currently facing mixed signals. Core inflation fell from 3.6 percent in August to 3.2 percent in September year-over-year, and from 0.4 percent to 0.1 percent month-over-month, indicating a broader moderation in price ... (full story)