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Results: listing 1 - 6 of 269 for “Bank of England”

UK Comment — GDP growth surprisingly low in Q1

  1. GDP growth pulled down by weaker growth in services
  2. Mortgage approvals in March were lower than expected
  3. Growth could temporarily pick up again, but we expect the growth trend to weaken this year

Kari Due-Andresen, Chief Economist Norway |

UK Comment — UK inflation surpasses the 2% target on the way up

  1. CPI at 2.3 percent and CPI core at 2.0 percent in February
  2. Cost pressure is high, but on the weak side of consensus
  3. Inflation increasing somewhat faster than the Bank of England has assumed

Kari Due-Andresen, Chief Economist Norway |

UK Comment — Bank of England votes 8-1 to keep Bank Rate unchanged

  1. Bank Rate and QE programme left unchanged, as widely expected
  2. Dissent comes as aggregate demand and labour market remain strong and inflation picks up
  3. We still expect an unchanged Bank Rate for both this year and the next

Kari Due-Andresen, Chief Economist Norway |

UK Comment — March budget without the big surprises

  1. Chancellor Hammond's first and last spring budget: no big surprises
  2. No changes expected in BoE's assessment of economic outlook

Kari Due-Andresen, Chief Economist Norway |

UK Comment — Manufacturing PMI dropped slightly but remained solid in February; consumer credit and confidence softening

  1. UK Manufacturing PMI down to 54.6 in February from 55.7 in January
  2. Manufacturing sentiment indicates output growth of around 3-4 percent y-o-y
  3. Mortgage approvals up, but consumer credit growth and confidence weaker

Kari Due-Andresen, Chief Economist Norway |

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 |