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27th Aug 2024 13:23UKDaily Monitor

  • GDP growth for Q2 was below the MPC’s projection, but we estimate it is trending above potential.
  • CPI services inflation was below the market consensus in July, for only the second time this year.
  • We think these data do not warrant another rate cut in September; the next will come in November.

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Keywords for: 28 August 2024 UK Monitor

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