MNI BoE Review - September 2024: "Gradual" Just Means Not 50bp

MNI (LONDON) - EXECUTIVE SUMMARY: 

• There was nothing in the Statement / Minutes to provide much of a future steer (other than to rule out 50bp).
• The word "gradual" was added to guidance. Without reading the Minutes you could misinterpret that as guiding closer to a quarterly pace. However, Dhingra's vote for a sequential cut was also described as "gradual." 
• We round up the other important parts of the meeting as well as over 20 sellside reviews.

FOR THE FULL PUBLICATION PLEASE USE THE FOLLOWING LINK: MNI BoE Review - Sep24.pdf