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15th Sep 2022 15:15U.K., Daily Monitor

  • We think the MPC will raise Bank Rate by 50bp next week, despite other central banks rushing ahead...
  • ...Q3 GDP is set to undershoot the MPC’s latest forecast, while the inflation outlook has improved greatly.
  • Proposed tax cuts are too small to move the inflation needle, and likely will be partly funded by spending cuts.

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average weekly wages cbi central banks composite pmi corporation tax cpi cpi inflation depreciation ECB fed gas prices government headline rate inflation outlook inflation pressures July June mpc natural gas natural gas prices obr oil oil prices paye pmi q3 q3 gdp q4 September sterling tax cuts u.s. unemployment unemployment rate wages weekly wages

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Keywords for: 16 Sept 2022 UK Monitor

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