All the indications are that the ECB remains inclined to tighten monetary policy further over the coming months to contain inflationary risks.
More Quotes from Howard Archer:
With economic growth likely to remain below trend in the near term at least and unemployment set to continue rising, there is a very real danger that individual insolvencies and mortgage repossessions will climb markedly further over the coming months.Howard Archer
It seems a nailed-on certainty that the Bank of England will hold interest rates steady on Thursday,
Howard Archer
The Nationwide data provides support for our long-held view that house prices will be unable to sustain sharp gains for some time to come.
Howard Archer
The evidence of marked improvement in the manufacturing sector further guarantees there will be no interest rate cut this Thursday. Indeed, we admit it is looking increasingly questionable whether interest rates will be trimmed further.
Howard Archer
Retail sales were significantly healthier than expected in September and August's sales were revised up, going a long way to killing off already fading hopes of a November interest rate cut,
Howard Archer
The Bank of England will be pleased to see that producer output prices remained largely contained in December, but less good news is the further sharp increase in input prices as gas prices soared.
Howard Archer
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