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26th Sep 2024 17:53UKWeekly Monitor

  • We have nudged down our Q3 GDP growth forecast to 0.3% quarter-to-quarter after GDP flatlined in July.
  • We lift our 2025 inflation forecast as we add in above inflation duty hikes and private school fee rises.
  • We expect a 25bp rate cut in November and three more in 2025, as the MPC guides to “gradual cuts”.

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Keywords for: 30 September 2024 UK Monitor

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