Monetary−policy meeting at the Bank of England
Wed, May 7 2008, 07:07 GMT
by Morten Lykke Pedersen
Jyske Bank
Current interest rate: 5%
• In favour of unchanged interest rates:
- • The inflation risk is on the upside
- • There has been less focus on the financial turbulence this past month
- • The Bank of England (BoE) has announced that the worst is over
• In favour of a 25 bp cut:
- • The housing market is softening
- • Growth indicators are pointing downwards
Market expectation: no change
Jyske Bank’s expectation: no change
Published on
Wed, May 7 2008, 07:12 GMT
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