mpc.theyserveforyou.com

mpc: 9 Most of the nominal indicators had been fairly strong. The annual growth rate of aggregate M4 had remained robust at around 12% in January. Since the Committee's February meeting, the Office for National Statistics (ONS) had published the UK Output, Income and Expenditure release. This showed that nominal domestic demand growth had recovered to an annualised rate of around 5 ½% in the second half of 2005. The comparable nominal GDP growth rate in the second half of the year had been somewhat lower than this, but that reflected the temporary distortion to export prices caused by insurance payouts following Hurricane Katrina.