MPC Assessment OF Inflation, Activity In....>

UK DATA: MPC Assessment OF Inflation, Activity Broadly Similar In August

-BOE: MPC Sees Q3 2018 CPI 2.6% vs 2.6% in May Inflation Report

-BOE: MPC Sees Q3 2019 CPI 2.2% vs 2.2% in May Inflation Report

-BOE: MPC Sees 2018 GDP 1.6% vs 1.7% in May Inflation Report

-BOE: MPC Sees 2019 GDP 1.8% vs 1.8% in May Inflation Report

-BOE: MPC Sees 2018, 2019 Jobless Rate 4.5%, 4.5% vs 4.7%, 4.5% May IR

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The MPC's latest projections in the August Inflation Report were 

broadly similar to those set out in May, with a slight downward revision 

to near-term growth amid squeezed real incomes. Growth in 2018 was 

expected to come in 0.1pp lower compared to the projection made in May 

with 0.3% q/q growth in pencilled in for Q3 2017. The path for inflation 

was expected to rise faster than previously thought in H2 2017, then to 

fall in line with the May forecast. The jobless rate path was revised 

down, falling to 4.4% both at the start and end of the forecast period.