U.K. rates may be near peak: central bank report hints at one more rise to combat inflation

Article Abstract:

A possibility of higher commodity prices and limited spare capacity have been identified by the Bank of England as inflation risks, and interest rates are expected to remain elevated before dropping sometime in mid-2009. If rates go up to 6%, consumer price inflation is predicted to hit 2% near the end of next year.

Public Finance Activities, Product standards, safety, & recalls, Interest Rates, Fiscal Policy, Standards, Analysis, Prevention, Inflation (Finance), Economic indicators, Inflation (Economics), United Kingdom. Bank of England

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Top U.K. sectors feel credit crunch

Article Abstract:

The credit markets crisis is negatively affecting the financial services and residential real estate industries in the U.K. Article discusses the effects of limited consumer credit, and decreased home purchases on the overall British economy.

Commercial Banks, Forecasts, trends, outlooks, Financial management, Scientific Research and Development Services, Private Households, Other Activities Related to Real Estate, Development, State commercial banks, Economic Programs-Total Govt, Administration of Economic Programs, REAL ESTATE, Real Estate Services, Commercial banks, not elsewhere classified, National commercial banks, Consumer Credit, Consumer Capital & Loan Transactions, Banking industry, Finance, Forecasts and trends, Real estate industry, Economic development, Market trend/market analysis, House buying, Home buying, Credit market, Credit markets, Company financing, Industry forecasts

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U.K. GDP grew at weaker pace in first quarter

Article Abstract:

The United Kingdom's gross domestic product increased 0.2% for the 2003 first quarter. This was only 50% of the rate posted in the previous quarterly period.

Gross domestic product

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