MPC may need more data before it considers cutting interest rates

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MPC may need more data before it considers cutting interest rates
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  • 📰 The Guardian
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Bank of England panel meets this month after weak economic figures for November

Figures published on Monday showed the economy was going backwards in November while the politicians were out canvassing for votes. Activity in the last full month before the general election fell by 0.3% and the annual growth rate slipped to a seven-and-a-half-year low of 0.6%. Manufacturing reported a hefty fall in output and the service sector contracted, too.

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