Our monthly estimates of GDP suggest that output grew by 0.5 per cent in the three months ending in September after growth of 0.5 per cent in the three months ending in August 2015. This slight softening in the third quarter is expected to be temporary. It is consistent with our latest forecast for the year as a whole.* Economic growth remains reasonable and, although we do not expect the Bank of England’s Monetary Policy Committee to vote to raise rates at its October meeting, we continue to expect the first rise in Bank Rate in the first half of 2016. This estimate takes on the updated and revised data from the ... (full story)