Nick Kounis
Nick Kounis
conclusion fall follows generate growth house january months previous prices recovery strong three
This may generate speculation that the recovery in house prices is already fizzling out, but we think such a conclusion would be premature. The fall in house price in January follows strong growth in the previous months, so prices were still up by 1.9% three months-on-three months in January.
contained economic extended front growth hold inflation momentum news pressures rates remaining
The news on the inflation front has been broadly positive. The combination of economic growth regaining momentum and inflationary pressures remaining well contained will keep rates on hold for an extended period.
half hovering inflation levels oil prices remain second slightly throughout
We see inflation hovering at around these levels throughout the first half of this year. If oil prices remain well-behaved, we should see slightly below-target inflation in the second half.