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Oliver Twist
- With the major central bank meetings for September now concluded, the main theme emerging is a hawkish pivot in monetary policy across all.
- For the Bank of England, the decision to leave the Bank Rate unaltered was, once again, not unanimous.
- In terms of its quantitative tightening policy, the MPC also announced it will reduce its holding of UK government bonds by £368bn over eight years.
- For the Fed, the shift towards hawkish rhetoric from Chair Warsh has been abrupt since his last monetary policy press conference in July.
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