Week in Review - 27th January, 2012

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↓ GDPGDP contracted by 0.2% in the fourth quarter of 2011. Within this, manufacturing output contracted by 0.9%, though this was largely the result of a particularly weak October. The data implies that output in the sector may have ticked up a little in December.
↔ MPC minutesThe minutes from the MPC meeting showed that members voted unanimously to maintain the base rate at 0.5% and size of the asset purchase programme at £275 billion. However, some members thought a future extension to the asset purchase programme was likely to be necessary.
The week ahead
Wed 1st: Manufacturing PMI


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