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Monetary−policy meeting at the ECB

Wed, May 7 2008, 13:14 GMT
by Helle Varming

Jyske Bank

Interest-rate announcement

Current interest rate level: 4.00%

• In favour of an interest-rate cut of 25 bp:

• • sentiment indicators point to weaker growth
  
• • weaker growth will lead to a more moderate inflationary pressure
  

• In favour of unchanged interest rates:

• • inflation is still significantly above the central bank’s target of 2% (inflation at 3.6% y-o-y in March). See chart 1
  
• • the rising oil price helps maintain the upward pressure on inflation
  

Market expectations: unchanged interest rates

Jyske Bank’s expectations: unchanged interest rates

• Download full report with charts

Published on  Wed, May 7 2008, 13:18 GMT

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• Monetary-policy meeting at the ECB
  Published On Wed, May 7 2008, 13:14 GMT
• Monetary-policy meeting in the ECB on 10 April 2008
  Published On Thu, Apr 10 2008, 07:23 GMT
• Monetary-policy meeting at the ECB
  Published On Wed, Feb 6 2008, 09:38 GMT

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Jyske Bank  | Vestergade 8-16, DK-8600 Silkeborg
http://www.jyskebank.com | jyskebank@jyskebank.dk

Legal disclaimer and risk disclosure

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.