"The MPC are likely to leave Bank Rate unchanged at 5.00% at the conclusion of the September meeting, electing to hold steady, and continuing to examine the impact of August's 25bp cut, the first cut of the cycle."
"Money markets, per the GBP OIS curve, are well-priced for such an outcome, discounting just a negligible 18% chance of a second straight Bank Rate cut, though said pricing is subject to change, depending on the August CPI figures."
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