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UK interest rates expected to be held after small economic growth

From bbc.co.uk

The UK economy returning to growth in August has fuelled expectations that interest rates will be left unchanged again next month. The economy grew marginally by 0.2% in August following a sharp fall in July. Analysts described the figures as "lacklustre" and said higher borrowing costs and the higher cost of living was weighing on consumers and businesses. Rates were held at 5.25% in September, ending a run of 14 consecutive rises after inflation started to slow. A major business group said the economy was "holding up" but remained in a "precarious state". David Bharier, head of research at the British ... (full story)

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