Howard Archer
Howard Archer
activity bank certainty england february interest next rates robust sector service unchanged
Robust service sector activity in February makes it even more of a cast-iron certainty that the Bank of England will keep interest rates unchanged next Thursday.
bet change currently interest months rates safe seems several
It currently seems a pretty safe bet that interest rates will not change for several more months to come, if at all this year.
bank below both clearly consumer cut december england forecast inflation interest january level levels looks november price rate suddenly target
With consumer price inflation below the 2% target level in both December and January and clearly below the levels forecast by the Bank of England in their November quarterly inflation report, a near-term interest rate cut suddenly looks a very real possibility again.
bank charlie chief cut december early england interest member odds rate recently voting
With one member of the MPC voting for an interest rate cut in December and Bank of England chief economist, Charlie Bean, recently making some dovish comments, the odds of an interest rate cut early in 2006 are rising.
basis belief contain cut expected february further growth help interest points pressures rates subdued underlying
This subdued growth is expected to help to contain underlying inflationary pressures and risks, underpinning our belief that interest rates will be cut by a further 25 basis points in February or March.
believe couple cut door early economy fails improvement interest next opening rate signs sustained
We believe the door is opening for an interest rate cut early in 2006 if the economy fails to show sustained significant signs of improvement over the next couple of months.
although august basis believe eventually further interest rates uk until
We still believe UK interest rates will eventually be trimmed by a further 25 basis points, although not until August at the earliest.
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%.
cut door interest keeps open rate
This very much keeps the door open for an interest rate cut in February.
bank basis belief england eventually further growth interest optimistic outlook rates
This underpins our belief that the Bank of England is too optimistic on the growth outlook and will eventually end up trimming interest rates by a further 25 basis points.
basis believe chances components cut data diminishes fourth further healthy interest mix point possible quarter rate relatively
While the fourth quarter GDP data and the relatively healthy mix of the components further diminishes the chances of a near-term trimming of interest rates, we still believe a 25 basis point interest rate cut is very possible in May.
basis core deter further hiking inflation interest january limited points rates
Nevertheless, limited core inflation in January will not deter the ECB from hiking interest rates by a further 25 basis points on Thursday.
deter euro further growth hike interest likely march raising rates remains zone
The slowdown in euro zone growth will not deter the ECB from raising interest rates in March and a further hike remains very likely in June.