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ACE has published it's Quarterly Economic Bulletin setting out economic performance in the third quarter of 2010.
The third quarter estimate for gross domestic product rose by 0.8% compared with the previous quarter, while construction was estimated to have increased by 4% on the previous quarter and by 11% on the third quarter of 2009.
Throughout the third quarter interest rates were held at their existing level of 0.5 percent by the Bank of England's Monetary Policy Committee. Quantitative easing was also held at current levels, and an upward revision in 2010 growth forecasts, further easing is not expected.
To read the Quarterly Economic Bulletin in full please click here.
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