economists on Friday suggested that the MPC may follow the lead of its transatlantic counterpart and that a "new qualifier might signal that the end is in sight."
"We think the MPC will keep options open in a balanced manner, reiterating that evidence of persistent inflationary pressures could require further tightening, while signalling that it might pause if data comes in line with MPR projections," Chief European Economist Silvia Ardagna's team said. This updated guidance would enable the Bank to skip hiking at its June meeting and potentially move to hiking alongside each Monetary Policy Report every three months, contingent on economic data.
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