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Article: Curbing inflation likely to be the key issue behind MPC's decision; The Bank of England will announce it latest monthly decision on interest rates tomorrow. Here economist with Global Insight Howard Archer assesses the options of the MPC in the face of slowing economic growth and rising inflation.(Business)
- Article from:
- Western Mail (Cardiff, Wales)
- Article date:
- August 6, 2008
CopyrightCOPYRIGHT 2008 MGN Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Howard Archer
UNCHANGED interest rates seem by far the most probable outcome at the conclusion of the August meeting of the Bank of England's Monetary Policy Committee tomorrow, but it is not inconceivable that interest rates could be either raised or cut.
The July MPC meeting sawa three-way split in voting behaviour, while, significantly, the committee will have available the new inflation and growth forecasts that will be contained in the Bank of England's Quarterly Inflation report. Interestingly, the minutes of the July MPC meeting commented ...