RE: Unrestricted climb.19 Dec 2024 12:10
No cut then! They're all a bunch of clowns on the MPC. It's obvious that wage growth will slow on the back of Reeves' NI hikes and inflation will come down via oil price reduction after Trump's "drill, baby, drill" policy takes hold. Also, Trump dislikes a strong dollar so will do what he can to get the FED to lower rates next year. The MPC had a chance to get ahead of the curve today but thinking outside the box is clearly beyond them.