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"The latest preliminary GDP figures confirm a firmly based, if not spectacular, recovery is underway.
Preliminary GDP data for the final three months of 2013 will be unveiled with a flourish by the Office for National Statistics at 9.30am GMT.
Preliminary GDP figures in recoveries are often revised upwards, so the underlying position may be a bit better than we think.
The policy board, which Mr Fukui chairs, had voted six-to-three thekeep the rate at 0.25%—at least until the preliminary GDP figures for the last quarter become available in mid-February.
The Office for National Statistics ONSS) has set out its preliminary GDP figures for the first quarter of 2013.
Spain also released preliminary GDP figures on Friday, showing its first quarter of economic contraction, or a 0.2% fall in growth, which was in line with expectations.
Similar(52)
The preliminary Q1 GDP estimates released last month imply that – correcting for weather-related effects – the economy did not grow during the last quarter of 2010 and the first quarter of 2011.
The much better-than-expected preliminary quarterly GDP figures should help the cause of those FOMC members eager to introduce tapering.
According to a preliminary estimate, GDP grew at a 2% annual rate in the third quarter—a bit faster than in the second quarter but much slower than in the first.The euro area's inflation rate edged up to 1.9% in October from 1.8% in September.
No major economic news is due out until next Thursday, when the preliminary first quarter GDP figures are released.
The CBI data comes ahead of the eagerly awaited preliminary estimate of GDP for the first quarter of 2011, due on Wednesday morning.
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