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Peter Chatwell of Mizuho Intl says that the......>

UK
UK: Peter Chatwell of Mizuho Intl says that the BoE's estimate of the neutral
rate at between 2-3% is "way above what we would view as credible" and that the
recovery in Gilts is probably due to markets "wondering how much damage the BoE
is intending to inflict the UK economy.
- Chatwell adds that the 9-0 vote also implies the MPC will continue to raise
rates over the "coming quarters".

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