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Monetary−policy meeting at the Bank of England

Tue, Jun 3 2008, 13:08 GMT
by Morten Lykke Pedersen

Jyske Bank


Current interest rate: 5%

JB expectations: unchanged interest rates
Market expectations: unchanged interest rates


• In favour of unchanged rates:

  • • The inflation rate is above target
  • • High inflation expectations

• In favour of an interest-rate cut:

  • • Growth is slowing
  • • Weak housing market
  • • Consumer confidence at 20-year low

We do not expect the Bank of England (BoE) to change interest rates this time around, and we do not expect a cut until later in the year.


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http://www.jyskebank.com | jyskebank@jyskebank.dk

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The analysis is based on information which Jyske Bank finds reliable, but Jyske Bank does not assume any responsibility for the correctness of the material nor for transactions made on the basis of the information or the estimates of the analysis. The estimates and recommendations of the analysis may be changed without notice. The analysis is for the personal use of Jyske Bank's customers and may not be copied.


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