UK’s Kwarteng: Targeting medium term growth of 2.5%
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During a fiscal statement to parliament, UK Finance Minister Kwasi Kwarteng said that “We need a new approach for a new era, focused on growth. Our aim over the medium term is to reach a trend rate of growth of 2.5%.”
GBP/USD was little impressed by the UK mini budget release, as it hovers near multi-decade lows of 1.1150, down 0.86% on the day.
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