Wednesday, April 25, 2007
GDP up 0.7%
Posted by David Smith at 11:00 AM
Category: Thoughts and responses

gdp.gif

GDP rose by 0.7% in the first quarter, slightly more than expected, though the year-on-year rate slowed from 3% to 2.8%. The figures keep the Bank on track for a rate hike next month but don't convey anything of importance about what might happen after that. More details here.

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