This subdued growth is expected to help to contain underlying inflationary pressures and risks, underpinning our belief that interest rates will be cut by a further 25 basis points in February or March.
More Quotes from Howard Archer:
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.Howard Archer
The minutes pour more cold water over the prospects for a near-term interest rate cut.
Howard Archer
Consumer credit growth was again relatively muted in September, pointing to continuing consumer caution,
Howard Archer
Robust service sector activity in February makes it even more of a cast-iron certainty that the Bank of England will keep interest rates unchanged next Thursday.
Howard Archer
If house prices start to accelerate markedly, we believe buyer interest will diminish, thereby keeping a lid on prices.
Howard Archer
The underlying picture that seems to be emerging is that consumer spending will be reasonably healthy over the Christmas period. If borne out by hard data, this dilutes the case for an interest rate cut early in the New Year.
Howard Archer
Readers Who Like This Quotation Also Like:
Based on Topics: Danger & Risk QuotesBased on Keywords: underpinning
An Englishman teaching an American about food is like the blind leading the one-eyed.
A. J. Liebling
Armies are not only for offensives.
Bashar al-Assad
I can't deal with high maintenance chicks.
Jeremy London