Rate Rise Looms As Factory Costs Climb at Fastest Pace in Two Years
The Scotsman › February 14, 2011
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Summary
Pressure for a rise in interest rates mounted yesterday after figures showed factory costs rising at their fastest pace in more than two years.
News that the price of materials and fuel paid by UK manufacturers had risen by 13.4 per cent on the year during January will provide a fresh inflation headache for the Bank of England.See the full content of this document
Extract
Rate Rise Looms As Factory Costs Climb at Fastest Pace in Two Years
Policymakers at the central bank are having to weigh stubbornly high inflation data against signs that the economic recovery may have st...
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