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30/08/2018

UK | Investment

Monthly Review - August 2018

UK Economic Briefing - August 2018

UK 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%.

Your Contact

Stephanie McMahon

Stephanie McMahon
Head of UK Research
Research
+44 (0) 20 7338 4002

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