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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.
Published on
Tue, Jun 3 2008, 13:12 GMT
Jyske Bank
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