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12th Aug 2024 18:00UKDaily Monitor

  • The MPC will be encouraged that wage growth is slowing in line with its forecast for Q2.
  • Rate-setters will downplay the still unreliable unemployment rate, which fell to 4.2% in June.
  • But a range of data shows robust employment, which suggests the MPC will cut rates only slowly.

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Keywords for: 14 August 2024 UK Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence