Howard Archer

This underpins our belief that the Bank of England is too optimistic on the growth outlook and will eventually end read more

This underpins our belief that the Bank of England is too optimistic on the growth outlook and will eventually end up trimming interest rates by a further 25 basis points.

House prices are likely to remain relatively flat for an extended period,

House prices are likely to remain relatively flat for an extended period,

The evidence of marked improvement in the manufacturing sector further guarantees there will be no interest rate cut this Thursday. read more

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.

Pretty healthy retail sales growth in November reinforces belief that consumer spending is picking up to some extent, and reduces read more

Pretty healthy retail sales growth in November reinforces belief that consumer spending is picking up to some extent, and reduces the case for a near-term interest rate cut.

This is still a pretty benign report overall and broadly in line with Bank of England expectations contained in the read more

This is still a pretty benign report overall and broadly in line with Bank of England expectations contained in the February Inflation Report.