Jonathan Loynes
Jonathan Loynes
conclude equally growth lift perceived preparing rates risks seen signal strong time upside
The ECB may feel that the time is right to conclude that the risks to growth are now more equally balanced. Without a corresponding softening of the perceived upside risk to inflation, this would be seen as a strong signal that it is preparing to lift rates further.
figures finances public rather uk
August's UK public finances figures are, for once, rather better than expected.
near term
I think in the near term there will be more upward pressure,
areas creation financial information job require service services skilled technology
Job creation is concentrated in the service sector, ... High-growth areas such as financial services and information technology require skilled workers.
british cut dent expect falling further growth inflation interest modest monetary prompt prospects rate rise sluggish year
While the stronger-than-expected rise in British GDP put a further dent in the prospects of an interest rate cut in February, we still expect the combination of sluggish growth and falling inflation this year to prompt a modest loosening of monetary policy.