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The Bank of England (BoE) has issued a formal letter outlining the Monetary Policy Committee's (MPC) responsibilities for November 2025, focusing on inflation control and economic stability. The document emphasizes the MPC's mandate to maintain price stability while considering broader economic conditions. This update is critical for forex markets as it sets the framework for potential interest rate decisions impacting the GBP. Investors will closely monitor the MPC's strategy for signals on future monetary policy adjustments.
