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Sept 18 - UK's FTSE 100 slipped on Monday in choppy trading as investors awaited key central bank interest rate decisions this week, while shares of Mondi rose after the paper and packaging firm agreed to sell its largest plant in Russia.The focus remained on the U.S. Federal Reserve's and the Bank of England's policy decisions as well as key domestic inflation data later this week as the market hoped for an end to the monetary tightening cycle.
"The consensus is that the BoE will hike again and inflation is proving a bit more stubborn. I still think that a lot of the impact of monetary tightening hasn't yet fed through," said Richard Flax, chief investment officer at Moneyfarm.Rate-sensitive housebuilder stocks dropped 1.2%. Mondi Plc rose 4.6% as it agreed to sell its largest plant in Russia to a unit of Moscow-based real estate developer Sezar Group for 80 billion roubles in cash.
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