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1st Nov 2024 10:14UKWeekly Monitor

  • We cut our forecast for Q3 GDP growth to 0.2% from 0.3% previously, 0.1pp below the MPC’s forecast.
  • Ms. Reeves’ Budget will keep the MPC from easing at back-to-back meetings this year.
  • We expect four 25bp cuts from rate-setters in 2025, at a pace of one per quarter.

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Keywords for: 4 November 2024 UK Monitor

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