Pantheon Macroeconomics - GDP rose by 0.3% quarter-on-quarter in Q2, according to the ONS' preliminary estimate, confirming that the economy has fundamentally slowed since the Brexit vote. The modest growth has reduced further the already-small risk that the MPC will raise interest rates at its next meeting on August 3.

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27 July 2017 GDP Growth Will Remain Weak in 2017, Keeping the MPC Inactive

By Samuel Tombs

GDP rose by 0.3% quarter-on-quarter in Q2, according to the ONS' preliminary estimate, confirming that the economy has fundamentally slowed since the Brexit vote. The modest growth has reduced further the already-small risk that the MPC will raise interest rates at its next meeting on August 3.

Posted: 26th Jul 2017 in 'UK Documents'

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