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Manufacturers oppose rate rise
A sustained economic recovery in the UK “cannot be taken for granted,” manufacturers’ group EEF said today. “Interest rates must remain on hold until much stronger evidence emerges of a healthier economy,” said EEF economist Lee Hopley. “Any bounce back in the first quarter will not necessarily signal a rebound in economic fortunes,” she added. “Growth is dependent on a pick up in private sector contributions from trade and investment.”