Cbi Urges Caution Despite Best Factory Orders for Six Years; Recovery May Be Damaged by 'Overdoing' Rate Rise Medicine
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Summary
UK FACTORY order books surged to a six-year high this month in spite of rising interest rates, a survey from the Confederation of British Industry revealed yesterday.
Nevertheless, the employers' organisation warned that the Bank of England "must not overdo the rate rise medicine".See the full content of this document
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Cbi Urges Caution Despite Best Factory Orders for Six Years; Recovery May Be Damaged by 'Overdoing' Rate Rise Medicine
The CBI also cut its 2005 growth forecast from 3% to 2.8%, believing higher oil prices would likely hit world demand and rising interest rates would make UK consumers less willing to spend. ...
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