The Bank of England is expected to keep interest rates unchanged due to moderating price pressures and weakening economic activity. Recent data shows that UK inflation remains at 6.7% in September, while the PMI data indicates a soft economic growth outlook. The labor market is also showing signs of loosening, with a decrease in business activity, lower output, and a decline in private sector employment. Despite some surprise wage growth, experts believe that the MPC will keep rates on hold and wait to observe the impact of prior hikes on the economy.

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