The UK’s Office of National Statistics alerted markets on Wednesday that it had got its sums wrong. And that worries about the growth of inflation in the economy may be somewhat exaggerated so the need to increase rates may be lessened. The ONS statement said that it had modified part of its software model...
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House buyers once again shrugged off recent rate increases and sent prices up by an unseasonably strong 1.3 percent in September. Bringing annual growth to 8.2 percent according to the Nationwide’s figures released today. The rate is the highest since February 2005. The consensus was that prices would see smaller increases of around 0.4...
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