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Detailed text transcripts for TV channel - CNN - 20110207:09:20:00

Part one, line one of any growth strategy has to be dealing with the deficit and not put it off. he hopes to reduce it by $129 billion over 4 years and that s a severe challenge socially for nothing else. thursday, the bank of england will issue the decision on uk interest rates an markets will be watching that closely. joining us to talk about that and what else is store this week is chief market strategist asher flighty. let s look at central banks. i don t think we expect a change from the bank of england but do you think that the inflation threat is such that we have to change our calculations as to when interest rates will have to be tightened by the bank of england and also by the european central bank? yeah. to start with the european and central bank first, we don t think there s going to be an interest rate hike. ....

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