Friday, Oct 20, 2006

ECONOMY GROWTH MAKES RATE HIKE 'A DONE DEAL'

The Independent: ECONOMY GROWTH MAKES RATE HIKE 'A DONE DEAL'

Interest rates were given another nudge towards 5 per cent today after it emerged the UK economy expanded by 0.7 per cent for a fourth quarter in a row.
The provisional GDP estimate was 0.1 per cent higher than most forecasts, leading analysts to describe a hike in borrowing costs as a "done deal" when Bank of England policymakers meet on November 8 and 9. Reports Graeme Evans PA in the Independent 20Oct06

Posted by hyrax @ 12:57 PM (457 views)
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1 Comment

1. Nohpc said...

It was a done deal anyway

Friday, October 20, 2006 10:20PM Report Comment
 

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