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28th May 2024 19:10UKDaily Monitor

  • We expect GDP growth of 0.3% quarter-to-quarter for the rest of the year, after the 0.6% increase in Q1.
  • Sticky services prices and energy effects mean we see inflation rising to 2.8% by Q4 2024.
  • We now expect the first Bank Rate cut in August, then once per quarter thereafter.

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Keywords for: 30 May 2024 UK Monitor

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