This is not going to be enough - we're still looking for another 50 basis points by the end of the year, ... But it's the right move for the moment. A rise of 50 basis points would have cast doubt in the market about the sustainability of growth, in Germany in particular. |
This is way in excess of market expectations and suggests that the Chancellor's finances will end the year in reasonable form and will certainly be a good platform for his budget on March 22. |
To say that it's somehow causing damage when it's part of the baseline, that's not really scientifically correct. |
Tomorrow's Inflation Report will provide a definitive view of how the Bank's thinking has evolved. However, today's data add to arguments for a further easing in monetary policy, we believe in May. |
We expect to see a slowdown in house price inflation across the course of this year to virtual stagnation through the course of the second half of this year. |
We fully anticipate that rates will remain on hold for the rest of this year. |
We now see that natural selection *is* working to conserve this unpartnered region of the Y, ... If mutations do occur in any of these genes, they don't seem to pass on in the lineage. This is a clear example of how evolution is not just about moving ahead, it's also about not falling behind. |