Ruth Gregory, deputy chief UK economist at Capital Economics, said it showed "the Bank of England doesn't need to rush to cut interest rates". She said the first rate cut would ultimately be determined by upcoming employment and inflation figures.
The economic hangover from the worst health crisis in a century and the worst energy crisis in a generation was always going to be tough, but the economy now appears to be returning to normal. And if sustained, that is a marked improvement.
Ruth Gregory, deputy chief UK economist at Capital Economics, said it showed "the Bank of England doesn't need to rush to cut interest rates". She said the first rate cut would ultimately be determined by upcoming employment and inflation figures.
UK exits recession with fastest growth in two years
The economic hangover from the worst health crisis in a century and the worst energy crisis in a generation was always going to be tough, but the economy now appears to be returning to normal. And if sustained, that is a marked improvement.
UK economy is improving but people may not notice
May not notice? I wonder why?
UK interest rates: Bank of England edges closer to summer cut
They really keep emphasising the summer....🐙🎬