UK | Investment
Monthly Review - August 2018
UK Economic Briefing - August 2018UK GDP grew by 0.4% q-o-q in the second quarter, in line with expectations, and up from 0.2% in Q1.
- It was a unanimous decision by the Bank of England’s Monetary Policy Committee (MPC) to raise rates by 25bp to 0.75%, its highest level since 2009.
- Along with the rate decision the Bank also released its latest projections. The economic projections were more or less
unchanged from the May Inflation Report.
- GDP growth for 2019 was nudged up from 1.7% to 1.8%, but growth in 2020 was left at 1.7%.