German manufacturing activity shrinks for first time in 15 months.Sept final PMI revised down to 49.9,lower than all f’casts in Reuters poll
LONDON (Reuters) – The Bank of England should avoid being too specific when it tries to guide the public about the future path of interest rates and broadly stick to its current approach, one of its policymakers said on Tuesday.
Monetary Policy Committee member David Miles said the BoE’s current message – that rate hikes will be gradual and to levels below those seen before the financial crisis – was still useful because it was substantive and clear.
LONDON (Reuters) – Britain’s economy grew more quickly than previously thought in the second quarter and its recovery from the financial crisis has been less sluggish than first estimated, according to official figures that use a new way of calculating data.
Britain’s gross domestic product (GDP) rose 0.9 percent in the three months from April to June this year, the fastest increase since the third quarter of 2013.
More worries ahead of ECB meet: EZ inflation slows to 0.3% in Sept flash reading.Lowest since Nov 2009 and in line with Reuters poll median
LONDON, Sept 29 (Reuters) – British mortgage approvals
slipped a three-month low in August, according to official data,
falling slightly more than expected and adding to signs the
housing market has cooled in recent months.
The Bank of England said mortgage approvals numbered 64,212
last month, the weakest reading since May and down from 66,100
in July. Analysts had forecast a fall to 65,000.