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Results: listing 13 - 18 of 323 for “Bank of England”

UK Comment — Weak GDP numbers make May hike less likely

  1. GDP growth down to 0.1% in Q1 from 0.4% in Q4
  2. Effects of bad weather generally small
  3. Services and IP pulled up, while construction saw its largest fall since 2012

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

UK Comment — UK inflation weaker than expected in March

  1. CPI inflation down to 2.5 percent and core CPI inflation down to 2.3 percent in March - weaker than expected
  2. Cost pressure still high, but trending downward
  3. Inflation not weak enough to prevent rate hike in May

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

UK Comment — Labour market numbers leave BoE on track for May hike

  1. Unemployment rate down to 4.2%, beating the consensus
  2. Total pay unchanged at 2.8% (consensus: 3.0%); regular pay up to 2.8% from 2.6% (consensus: 2.8%)
  3. In line with BoE expectations

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

UK Comment — PMI surveys signal slower GDP growth in Q1

  1. Services sentiment much weaker than expected, albeit partly weather-related
  2. New orders, activity and employment weaker
  3. We anticipate that the BoE's expectations are mostly unchanged; we continue to expect a rate hike in May

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

UK Comment — No change to policy from the BoE, but 7-2 vote could indicate next rate increase is close

  1. No change to policy; vote to keep bank rate unchanged was 7-2
  2. Outlook broadly unchanged
  3. We reiterate our expectation of a rate increase in May

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

UK Comment — Data supports rate hike in May from the Bank of England

  1. Labour market data stronger than market expectations
  2. New information overall in line with BoE expectations
  3. No change to policy tomorrow, but watch for possible hints of a May hike

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