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  • We retain our Q3 GDP growth forecast of 0.2% quarter-to-quarter, as the activity data have held firm...
  • ...But softer-than-expected inflation means we have brought forward our call for a rate cut to December.
  • We are waiting for further information on the Budget before forecasting an additional cut to Bank Rate.

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Keywords for: 3 November 2025 UK Monitor

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