Rates decision moves closer with output data - papers 27 April

The CBI yesterday reported manufacturing grew at a blistering pace in the past three months, putting such growth at its fastest level for nearly a decade, The Daily Telegraph reports. However, ONS previously said manufacturing dropped by 0.6% in February alone. The problem now is which sets of figures will, for example, the Bank of England’s Monetary Policy Committee accept as the truth when it next meets to set interest rates, the paper says. Judging by the CBI’s figures, rates should go up sooner rather than later, the Telegraph says. The Scotsman adds the position north of the b...