With GDP growth in Q3 coming in slightly above the MPC's forecast and unemployment falling more rapidly than expected, when the Committee might reconsider the stance of monetary policy has continued to excite commentators. But with members currently relaxed about the risk of the knockouts around forward guidance being triggered, it is unlikely that November's meeting will add to that excitement ahead of next week's Inflation Report. A repeat of October's outcome, with the MPC unanimous in support of no change in policy, beckons.
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