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21st May 2024 17:30UKDaily Monitor

  • We expect the MPC to cut Bank Rate in August, versus June previously, following strong April inflation.
  • Services inflation barely slowed in April and was 0.4pp stronger than the MPC expected.
  • The services strength was widespread and not concentrated in a handful of erratic items.

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Keywords for: 23 May 2024 UK Monitor

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