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mpc: 25 In the MPC's central projection, assuming that Bank Rate followed a path implied by market interest rates, GDP growth remained close to its average rate over the past decade. The profile was marginally stronger than in the August Report. CPI inflation picked up in the early part of the central projection, before falling back, settling around the 2% target over the medium term. The central projection for CPI inflation was similar to that in August: inflation returned to target somewhat more rapidly, reflecting the fall in oil prices since then.