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Roger Bootle top economist predicts interest cut - by Heather Stewart and Heather Connon

The Observer - 16th January 2005

He predicts that borrowing costs will fall from 4.75 per cent currently to just 4 per cent by the end of 2005, with the first rate cut expected in May, but perhaps as soon as next month, when the Bank publishes its lastest set of economic forecasts.  'I think the next month's data are crucial, 'he says.