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BOE DMP highlights

UK DATA
  • A tenth lower for "year-ahead price expectations" at 4.4% in Nov (from 4.5% in Oct).
  • Expected year-ahead wage growth remains at 5.1%
  • "Firms reported that the average interest rate that they were paying on their borrowing (both bank and market based) was 6.6%, 0.1 percentage points lower than reported in October. Over the next year firms expect the average interest rate on their borrowing to decline modestly to 6.2%"

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