Howard Archer
Howard Archer
demand domestic fourth goods imports month oil rose successive suggesting surprised uk upside
UK imports of goods excluding oil ... rose for a fourth successive month in February, and by substantial 4.5 percent, suggesting that domestic demand may have surprised on the upside in the first quarter.
coming correction doubts following house january latter limited marked months price prices rises sharp strong sustained
The limited correction in the Halifax house price index in January following the marked rises during the latter months of 2005 reinforces our strong doubts that house prices will see sustained sharp rises over the coming months.
coming contain further inclined monetary months policy remains
All the indications are that the ECB remains inclined to tighten monetary policy further over the coming months to contain inflationary risks.
domestic euro fragile hanging marks question relatively strength
The euro zone's upturn is still young and relatively fragile with significant question marks still hanging over the long-term strength of domestic demand.
bank decline england interest leaving output rates sway unchanged unlikely
The disappointing decline in manufacturing output is most unlikely to sway the Bank of England from leaving interest rates unchanged on Thursday.
conclusive evidence pay remaining sustained
The MPC still has to see conclusive sustained evidence that 2006 pay settlements are remaining contained.
boost europe feed growth hoping improving recent signs sustained uk western
Going forward, UK exporters will be fervently hoping that recent signs of improving growth in Western Europe will be sustained and will increasingly feed through to boost exports,
bank exactly growth interest matched months rates remain several unchanged
Year-on-year growth of 2.2-percent exactly matched the Bank of England's forecast... reinforcing expectations that interest rates are set to remain unchanged for several more months to come.
basis believe eventually further interest points rates
We believe that interest rates will eventually come down by a further 25 basis points to 4.25%.