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Wed 04 Apr 2003Central banks don't set rates based on hard facts
LONDON BRIEFING/Chris Johns: The signs of recession are everywhere. In London, at least, all of the old-fashioned indicators of a slowdown can be observed. Taxis are plentiful and their drivers willing to take you anywhere - even south of the river - and are extremely polite.
Restaurant reservations are easy to get and it is possible to get served in bars in less than the usual 20 minutes. The property market is not yet in freefall but nobody is buying. Traffic is noticeable by its absence.
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