Howard Archer
Howard Archer
activity approval data february hints housing lending lose market momentum months mortgage relatively several starting
While the February mortgage lending and approval data are relatively healthy, there are hints that housing market activity could be starting to lose momentum after several months of improvement.
consumer energy feeding high housing looks months oil prices remain round second sidelines spending strength
The MPC could remain on the sidelines for some months to come as it monitors the strength of consumer spending and the housing market, and also looks to see if high oil and energy prices are feeding through to have second round inflationary effects.
committee hold impression interest months rates reinforce remain select several treasury
The testimonies to the Treasury Select Committee reinforce the impression that interest rates are set to remain on hold for several months to come.
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.
demand domestic fourth goods imports month oil rose successive suggesting surprised uk upside
UK imports of goods excluding oil ... rose for a fourth successive month in February, and by substantial 4.5 percent, suggesting that domestic demand may have surprised on the upside in the first quarter.
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.
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.
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.
boosts clear coming december demand domestic economic hopes improvement kick months sentiment support
The clear improvement in economic sentiment in December boosts hopes that domestic demand will increasingly kick in over the coming months to support growth.
bank competition costs despite domestic efforts england happy higher increased input intense output pass prices rate relatively rose soft stepping
The Bank of England will not be happy to see that manufacturers output prices rose at an increased rate in December, as it suggests that they could be stepping up their efforts to pass on their higher input costs despite intense domestic and international competition and relatively soft demand.
bank contained england further gas good increase input largely less news output pleased prices producer remained sharp
The Bank of England will be pleased to see that producer output prices remained largely contained in December, but less good news is the further sharp increase in input prices as gas prices soared.
act appears august bank currently england evidence given growth quarter risen seems survey unlikely
The Bank of England currently seems unlikely to act before August given that growth in the first quarter appears to have been around trend, while survey evidence indicates that inflationary expectations have risen recently.
data gains house prices provides sharp support sustain time unable view
The Nationwide data provides support for our long-held view that house prices will be unable to sustain sharp gains for some time to come.
annual base due effects fall headline inflation march oil output price prices primarily producer reflecting rise sharp year
The fall in headline annual producer output price inflation in March was primarily due to base effects reflecting the particularly sharp rise in producer prices a year ago as oil prices surged.