Interest rate rise looks less likely with GDP figures

Interest rate rise looks less likely with GDP figures
Richard Wilson
The economy’s gross domestic product (GDP) grew at its slowest rate since 1995 in the first three months of this year. The 0.4 per cent increase in the first quarter from the previous quarter was lower than anticipated and is likely to remove pressure for further interest rate rises as the economy is seen to be slowing down gradually. GDP was up 2.8 per cent higher than a year ago.


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