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mpc: 21 The Committee's central projection, based on the assumption that official interest rates followed the broadly flat path implied by the market yield curve, was for GDP to rise at around its trend rate throughout most of the forecast period, accelerating a little in the third year. Compared with the profile in the November Inflation Report, this outlook was slightly stronger in the near term, but little changed in the second and third years. Recent business surveys had been indicative of greater near-term momentum in output than expected in November, particularly in the service sector.