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BoE's Bean on the UK economy

In a speech given on 25 November Charles Bean of the Bank of England said considerable uncertainties surround the UK economic outlook.

"And that is why it does not make sense to ask whether interest rates have peaked," he said.

"Neither I nor my colleagues on the Monetary Policy Committee know how the data will unfold over the coming months and quarters, and it is the data that will determine where interest rates go next."

"While the prospects for the housing market look softer than in the recent

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