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I R To Rise In Asia As China Reports 11.3% Q Growth

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China reports fastest economic growth in a decade, prompting rate hike speculation

The Associated Press (apwire)
Published 2006-07-18 17:40 (KST)
Driven by a building boom, China's economy grew a stunning 11.3 percent in the second quarter from a year ago, its
fastest rate in a decade,
according to data released Tuesday, spurring speculation that Beijing will raise interest rates to cool the expansion.

With Japan, China, India all moving higher things should get interesting IF Gordon keeps the UK on the sidelines again. Surely his time must be running out as TB has effectively buried the loans for peerages scandal under the ME rubble. GB could see that his chances of No. 10 are slipping in any event (he has never looked like a PM IMO) which may prompt him to kill his Miracle Economy by hiking rates and thus bring down TB along with it.

Looks like a done deal in the EZ:


Euro-zone inflation firm
Inflation in the 12 nations that use the euro currency was stable at 2.5 percent in June, the EU statistics agency Eurostat said Monday. Surging euro-zone inflation has fueled the case for the European Central Bank to raise interest rates several times in recent months.
Year-on-year inflation was 2.5 percent in May, 2.4 percent in April and 2.2 percent in March. This is well above the bank's guideline of just under 2 percent.
The bank has signaled that another rate hike in August is possible, saying it needed to maintain "strong vigilance" on price increases. This year it also will abandon its usual summer practice of holding an August conference call in favor of a face-to-face meeting.

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  • 333 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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