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5th May 2025 10:37UKDaily Monitor

  • Uncertainty hammered the PMI in April, suggesting a chance that UK GDP will fall in Q2.
  • The MPC will retain some caution, however, as the PMI shows underlying inflation accelerating.
  • Rate-setters can get away with a couple of precautionary rate cuts in May and June.

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Keywords for: 7 May 2025 UK Monitor

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