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26th Jun 2025 16:25UKWeekly Monitor

  • We cut our Q2 GDP growth forecast to 0.2% quarter-to-quarter from 0.3% previously, after soft data.
  • Energy prices nudge up our inflation forecasts; we see CPI inflation peaking at 3.7% in September.
  • We see payrolls and GDP rebounding, which keeps us expecting only one more rate cut this year.

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Keywords for: 30 June 2025 UK Monitor

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