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NIESR Estimates UK GDP: +0.8%

The National Institute of Economic and Social Research released their estimates that output grew by 0.8% in the 3 months ending in February. This is a slight improvement on the estimate for January which believed growth to be at +0.7% for the prevailing 3 months, though this undershoots the pre-recession peak.

Interest Rates

The NIESR anticipates that the Bank of England will leave rates unchanged at the record low of 0.5% until the Q2 2015. There is concern from some market commentators and analysts that the record low rates leave the economy with a false sense of security, and are fuelling the property bubble.

The full NIESR estimate of monthly GDP release

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