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Surge In Housing And Manufacturing May Raise Rates

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Graeme Leach, its chief economist, said: "We recognise there have been false dawns before, but the good news is that confidence and performance have surged together and this hasn't happened over recent years.

The Monetary Policy Committee is certain to leave rates at 4.5 per cent this week but opinion is swinging towards a hike being the next move.

Ben Broadbent, UK economist at Goldman Sachs, said: "We continue to think the next move in rates will be up and would not discount the chances of a minority vote for a hike - or at least the case for one appearing in the MPC minutes - over the next three months."

Money markets are pricing in a hike this year and last week the National Institute of Economic and Social Research urged the Bank to raise rates in a pre-emptive move to curb inflation.


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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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