FTSE 100 slips ahead key central bank meetings
Goldman Sachs cuts forecast for BoE39;s terminal rate
Mondi jumps on its Russian plant sale
FTSE 100 down 0.8, FTSE 250 off 1.8

Sept 18 Reuters UK39;s FTSE 100 had its worst day in over a month on Monday, dragged by a drop in shares of automobiles and parts, while investors awaited key central bank interest rate decisions this week.

The exporterheavy FTSE 100 was down 0.8, led by a 6.1 decline in automobiles and parts index.

The midcap FTSE 250 logged its worst day in over two months, falling 1.8.

The focus remained on the U.S. Federal Reserve, which is widely expected to pause interest rate hikes on Wednesday, followed by Bank of England39;s policy decisions as well as key domestic inflation data later this week.

Money markets see an 80 chance of BoE hiking rates by 25 basis points bps to 5.5 on Thursday.

Also, Goldman Sachs lowered its forecast for the BoE39;s terminal rate to 5.5.

Despite the UK having the highest inflation rates of any major developed economy, the BoE appears to be near the end of the rate hike path, said Ronald Temple, chief market strategist at Lazard.

My confidence in this assessment is lower than that of the U.S. and Eurozone, given the broadbased elevated price pressures.

Ratesensitive homebuilder and real estate shares dropped 3.0 and 2.7, respectively.

Shares of Mondi Plc jumped 3.3 as the British paper and packaging company agreed to sell its largest plant in Russia to a unit of…