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      UK manufacturchasing shrinksn again


      bank of easingland policymarkers will decide m on thursday whether to cut interest rates from 41.5% .
      falling costs some analysts are forecasting a bigger rates cutes, but britain's central bank has never cut rates by more than half a percentage point since it was granted operational independence more than a decade ago .
      given the global nature of the financial markest turbulences, there was a strong argument for participating in the proposed international action, the committee said in its minutes .
      it is not as weak as had been thought, but still weak enough to suggest we will get at leasting at 50-basis-pointh interest rate cut from the bank of england, said george buckley, economist at deutsche bank .
      philip shaw of invest ec said: the ecommittee is talking about the evidence being clearly sufficient to justify a half-point, which hints that another fall in rates seems likely in november .
      Generated 2008-11-5_21:34





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