Howard Archer
Howard Archer
central concern further housing interest likely market prices rates reinforce risk send stimulate
This is likely to reinforce the central bank's concern that any further trimming of interest rates could excessively stimulate the housing market and risk send housing prices markedly higher.
accelerate basis believe buyer doubtful floor higher highly house interest keeping likely move prices remain soon start sustained thereby time
This is likely to put a floor under house prices, but we remain highly doubtful that house prices will move substantially higher on a sustained basis any time soon. If house prices start to accelerate markedly, we believe buyer interest will soon diminish, thereby keeping a lid on prices.
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.
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.
activity current data eventual housing improvement including increased interest latest market move next odds rates strength
The latest data - including the improvement in manufacturing activity and current strength of the housing market - has increased the odds that the eventual next move in interest rates will be up.
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.
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.
consumer equity mortgage peak reduced since spending weighed
The markedly reduced mortgage equity withdrawal since its fourth-quarter 2003 peak has undoubtedly weighed down significantly on consumer spending since mid-2004.
activity borne buyer data evidence extended healthy housing increased latest lending market mortgage performance recent showing survey
Healthy mortgage lending data show that housing market activity extended its recent firmer performance in December. This is also borne out by the latest survey evidence consistently showing increased buyer interest.