Howard Archer
Howard Archer
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.
bank boost clearly consumer data england hopes inflation largely october premature prices reassuring sound
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,
believe coming debt earnings given house increased increases levels price relatively
We believe house price increases will be relatively muted over the coming months, given affordability constraints, increased debt levels and muted earnings growth.
chain data effects energy following headline high inflation limiting oil pressures price producer strong supply welcome
Following the higher-than-expected headline producer price inflation data for January... (Tuesday's data) is welcome reassurance that strong competitive pressures through the supply chain are still limiting the pass-through effects of high oil and energy prices.
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.
bank clearly coming growing higher house move prices risk showing
There is undeniably a growing risk that house prices could move markedly higher over the coming months. Indeed, this risk is clearly showing more prominently on the Bank of England's radar.
consumer energy evidence higher increasing inflation late pay price pushed recently starting
This confirms that late in 2005 there was still no evidence that pay was starting to be pushed up by recently higher consumer price inflation and increasing energy bills.
concern cut december evidence house imminent interest pressure prices retail robust sales sector service showing softness stronger survey
December survey evidence showing robust service sector activity, stronger retail sales and firmer house prices has temporarily at least alleviated some concern over the economy's softness and eased pressure on the MPC for an imminent cut in interest rates.
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.
activity clearly coming higher house housing increased led market move prices recent risk
This increased housing market activity has clearly led to some recent firming in house prices, and there is undeniably a risk that prices could move sharply higher over the coming months.
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.
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.
extended flat house likely prices relatively remain
House prices are likely to remain relatively flat for an extended period,