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Results: listing 1 - 6 of 264 for “Bank of England”

Monthly Macro Update — No smooth sailing in sight

US: In for a boom/bust episode
Eurozone: A tall order for the ECB
Nordics: Growing confidence

Ann Öberg, Chief Economist | anob04@handelsbanken.se

UK Comment — CBI survey shows UK manufacturers more optimistic than expected in February

  1. Manufacturing sentiment pulled up by strong domestic demand
  2. CBI sentiment data suggests healthy start to 2017 for manufacturing sector
  3. Housing market less hot according to Rightmove February numbers

Kari Due-Andresen, Chief Economist Norway | kadu01@handelsbanken.no

UK Comment — Unemployment surprisingly low, but wage growth disappoints

  1. Unemployment rate holds steady, at 4.8%; claims fall sharply
  2. Wage growth lower than expected in January, at 2.6%, down from 2.7% in December

Kari Due-Andresen, Chief Economist Norway | kadu01@handelsbanken.no

UK Comment — UK inflation somewhat lower than expected in January, but cost pressure is building faster

  1. CPI inflation 1.8% y-o-y in January, up from 1.6% in December (consensus: 1.9%)
  2. Core inflation unchanged at 1.6% in January (consensus: 1.7%); PPI input inflation highest since 2008
  3. Inflation probably not high enough for the BoE to lift rates, we believe

Kari Due-Andresen, Chief Economist Norway | kadu01@handelsbanken.no

UK Comment — No policy change from the BoE, but economic growth seen higher

  1. GDP projections revised up, inflation forecast broadly unchanged
  2. More resilient real economy, but greater labour market slack
  3. We continue to expect an unchanged bank rate for 2017-18, but revise our short-term estimate for EUR/GBP

Kari Due-Andresen, Chief Economist Norway | kadu01@handelsbanken.no

Central bank calendar — 2017

• Fed
• ECB
• Riksbank
• Norges Bank

Pierre Carlsson, Strategist | pica01@handelsbanken.se