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April 16, 2026 7:10 AM UTC
Without the outbreak of the Iran War there was already a split within the MPC about the policy outlook and that such divisions may have been accentuated by this latest GDP update which showed a very much above consensus m/m rise of 0.5%, the strongest in 14 months. But of course, the conflict has ch

April 16, 2026 6:39 AM UTC
• Q1 GDP beat expectations helped by Industrial production, but the domestic demand picture remains weak with soft consumption and the ongoing negative drag from the residential property sector. We still feel that the economy remains too dependent on high tech manufacturing and modest consu