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Results: listing 25 - 30 of 315 for “Bank of England”

UK Comment — UK PMIs suggest little momentum in GDP, but strong labour market

  1. Slight improvement in services PMI, but with few details
  2. Manufacturing and construction PMIs fell back in September
  3. Little momentum in overall activity, but increasing price pressures

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

UK Comment — A markedly more hawkish tone from the Bank of England

  1. More weight put on tight labour market
  2. Trade-off between weak real economy and high inflation seen as less pronounced
  3. Majority expects policy tightening to be appropriate over coming months

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

UK Comment — Bank of England preview

  1. Economic news mixed; wage growth weak, but inflation surprising to the upside, little momentum in GDP
  2. Majority on MPC should be in no hurry to raise rates...
  3. ...but minority wanting to raise the bank rate now may have increased from 2 to 3

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

UK Comment — UK unemployment rate lowest since 1979; wage growth stubbornly weak

  1. Unemployment rate falls to 4.3 percent, but wage growth unchanged at 2.1 percent
  2. Domestic cost pressure weak; BoE majority should be in no hurry to raise rates

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

UK Comment — UK inflation stronger than expected in August

  1. CPI inflation at 2.9 percent y-o-y exceeds consensus and BoE expectations in August
  2. Cost pressures ticked up again, but inflation is probably still close to peaking
  3. The number of hawkish dissidents on the MPC may have increased to three

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

UK Comment — UK consumer credit growth down to single digits in July

    Credit growth falls further in July, while mortgage approvals strengthen somewhatUK household credit increased a little less than expected in July. Net consumer credit rose by GBP 1.2bn against consensus expectations of GBP 1.5bn. Net credit growth in June was revised to GBP 1.4bn, from GBP 1.5bn. Net lending secured on dwellings was up by GBP 3.6bn after over GBP 4.1bn in June, but that was also lower than the consensus expectation for July of GBP 3.

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