Howard Archer
Howard Archer
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.
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Our Sunday lunches have been an excellent flagship because that is often many people's first experience of our menus.
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Overall, the mortgage approvals and lending data indicate that the more robust housing market activity evident in the second half of 2005 has continued into 2006.
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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.
boost euro feed growth healthier hoping pound recently softer zone
Manufacturers will be hoping that healthier growth in the euro zone and a recently softer pound will increasingly feed through to give them with a significant boost in 2006.
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It appears that strong competitive pressures on the high street and through the supply chain are continuing to contain any second round inflationary effects of high oil and energy prices.
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It appears that significant discounting is still needed to boost sales volumes.
consumer december following marked overall performance recent relatively seen spending strong stronger survey
While the CBI survey indicated a marked softening in consumer spending following the relatively strong December performance, it nevertheless indicated a significantly stronger performance than that seen overall in recent months.
below climb coming continue danger economic further growth individual likely mortgage near remain term trend
With economic growth likely to remain below trend in the near term at least and unemployment set to continue rising, there is a very real danger that individual insolvencies and mortgage repossessions will climb markedly further over the coming months.
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.
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While it is clearly premature to sound the all-clear on inflation, the October consumer prices data are largely reassuring for the Bank of England and boost hopes that inflation has peaked,
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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.
belief consumer despite remain retail spending subdued time
This reinforces our belief that consumer spending will remain subdued for some time to come despite September's pick-up in retail sales.
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.