Interest Rate Cut Is a High Priority for Industry Analysts

Summary

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Clamour for a rate cut is growing among industry analysts as the manufacturing sector returns poor figures and high street sales slump.

Louise Beard, chief executive of Coventry and Warwickshire Chamber of Commerce, admitted the prospects of a rate cut this month looked slim after the Bank of England's shadow Monetary Policy Committee voted to keep it at 4.75 per cent.

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Extract

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Interest Rate Cut Is a High Priority for Industry Analysts

She said: 'Rates were raised to slow down consumer spending and that has certainly worked, to the stage where...

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