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4th Apr 2022 00:00U.K., Daily Monitor, Weekly Monitor

  • GDP is set to fall in Q2, as Covid-related government spending declines and real incomes drop sharply.
  • Energy prices currently point to CPI inflation rising to 8.5% in April, and returning to that level in October.
  • Markets have revised up their rate expectations, mistakenly overlooking key comments in the MPC's minutes.

brent crude covid-19 cpi cpi inflation credit disposable income energy energy prices fuel government January June May mpc nhs obr oil pmi policy producer prices public sector q2 q4 real incomes savings Spring Statement us wholesale energy prices

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Keywords for: Forecast Review: Rate Expectations Look Even More Out of Kilter

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