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πŸ‡¬πŸ‡§ UK growth is contracting while inflation refuses to fall, and the BoE is walking into a split vote

πŸ‡¬πŸ‡§ UK growth is contracting while inflation refuses to fall, and the BoE is walking into a split vote

UK GDP contracted 0.1% in April while inflation held at 2.8%, well above the Bank of England's 2.0% target, a mix that points toward a split vote at the July 30 Monetary Policy Committee meeting.

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