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22nd Aug 2023 18:18U.K., Daily Monitor

  • August’s flash PMIs suggest the MPC is nearing the end-point of their rate-hiking cycle.
  • Activity is now cooling materially, and not just in manufacturing; the services PMI dropped below 50...
  • ...While signs of growing labour-market slack and slowing inflation should convince the MPC to stop soon.

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Keywords for: 24 August 2023 UK Monitor

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