- In one line: A clear slowdown in private-sector wage growth boosts the chances of no further rate hikes.
Samuel Tombs (UK Economist)U.K.
- In one line: A recession in all but name.
Samuel Tombs (UK Economist)U.K.
- In one line: Mortgage approvals are unlikely to rebound quickly and completely after Q4’s collapse.
Samuel Tombs (UK Economist)U.K.
- In one line: Initial impressions deceive; the trend is still better than the OBR anticipated.
Samuel Tombs (UK Economist)U.K.
- In one line: More evidence that core price rises are slowing.
Samuel Tombs (UK Economist)U.K.
- In one line: Continued growth in employment, and rapid wage gains, maintain the pressure for a 50bp hike next month.
Samuel Tombs (UK Economist)U.K.
- CPI inflation likely fell to 10.3% in December, from 10.7% in November, a hefty 0.6pp below the MPC’s forecast.
- Motor fuel prices plunged in December, while flash Eurozone data point to a further slowing in food price rises.
- Evidence is mixed on core goods price momentum, but the usual surge in airfares won’t lift the services CPI much.
Samuel Tombs (UK Economist)U.K.
- In one line: Builders move to reduce employment, mirroring trends in the wider economy.
Samuel Tombs (UK Economist)U.K.
In one line: Firms now are reducing employment as the economy falls into recession.
Gabriella DickensU.K.
- In one line: Recovery losing momentum, as the real income squeeze worsens.
Samuel Tombs (UK Economist)U.K.
- In one line: Households are still refusing to draw on savings to support their consumption.
Samuel Tombs (UK Economist)U.K.
- In one line: Hefty borrowing due to the high cost of energy price interventions.
Samuel Tombs (UK Economist)U.K.
