Bank must cut rates to avoid slump
ARTICLE - The Bank of England's monetary policy committee meets next week to discuss a further cut in interest rates from the present 5.5 per cent.
The Paris-based Organisation for Economic Co-operation and Development (OECD) warned that the high value of the pound was hurting manufacturing industry.
Predicting that growth in the British economy will slow to 2.5 per cent from 3 per cent, the OECD warned:
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