Pantheon Macroeconomics

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2nd Jun 2023 15:05U.K., Weekly Monitor

  • Enter some text here...CPI inflation overshot the MPC's forecast greatly in April; we now expect Bank Rate to peak at 5.00%, not 4.50%.
  • Producer price and wholesale energy price data, however, still point to a major drop in CPI inflation by year-end.
  • We still expect GDP merely to hold steady in Q2, despite the stronger steer provided by the PMI data.

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Keywords for: 5 June 2023 UK Monitor

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