Cautious optimism for the economy

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This week Nick and Kelvin discuss the recent Q4 GDP data, which showed a positive growth of 0.7%, putting an end (yet again!) to the recession. 

They explore the implications of this growth on monetary policy, particularly regarding the OCR and inflation risks. 

The conversation shifts to sales volumes in the property market, off the back of the latest CoreLogic Housing Chart Pack, noting a slight decline in February but an overall upward trend. 

They also analyse lending trends, highlighting a tentative shift towards longer-term mortgage rates. 

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