Not so high, nor so painful

Article Abstract:

The assumption that Britain's economic recovery is being slowed by abnormally high interest rates caused by the European exchange-rate mechanism is not valid. Britain's rates are not much higher than those elsewhere, and lower rates would not necessarily produce growth anyway.

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Gloom at the Bank

Article Abstract:

The Aug, 2001, interest rate cut by the Bank of England's Monetary Policy Committee reflects the Bank's gloomier expectations for UK economic growth. GDP growth is now expected to reach only around 2% in 2001.

Bank of England, Forecasts and trends, Economic policy, Gross domestic product

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Don't rush for the exits

Article Abstract:

British economic growth may slow in 2001, and this means that interest rates could be cut.

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