[Morgan Stanley Analyst Says Bank of England Likely to Cut Rates in December] Morgan Stanley analyst Bruna Skarica stated that UK inflation may have peaked, leaving little reason to prevent the Bank of England from cutting rates in December. She pointed out that the Monetary Policy Committee's 'dovish' members could cite data such as overall inflation meeting expectations, core inflation slightly below forecasts, rising unemployment, and a higher-than-expected degree of labor market slack to support a rate cut. She also mentioned that 'hawkish' members might argue that underlying inflation in the services sector has not consistently declined and food inflation remains high. However, unless the UK budget triggers a significant inflationary shock, the probability of a December rate cut is high. The future policy path will likely depend primarily on the trajectory of the labor market.