Summary
The odds on a cut in interest rates lengthened yesterday after figures showed the UK economy grew at its strongest rate since 2000. The first estimate of GDP in 2004 was put at 3.1%, following an acceleration in the pace of growth in the final three months of the year - up to 0.7% from 0.5% in the previous quarter.
As well as sharper than expected economy growth, minutes from the last meeting of the Bank of England's Monetary Policy Committee (MPC) cooled rate cut hopes.See the full content of this document
Extract
Strong Growth to Deter Rates Rise, Say Analysts
While some policymakers discussed the merits of a cut in December, it emerged the idea was no longer in ...
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