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17th Sep 2024 17:51UKDaily Monitor

  • Underlying services inflation pressures continue to ease, so the MPC will cut rates again this year.
  • But August’s CPI inflation gives the MPC little reason to rush to cut today; it will wait until November.
  • Core CPI inflation jumped to 3.6% in August, which we think was close to the MPC’s expectation.

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Keywords for: 19 September 2024 UK Monitor

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