BOE may extend QE further at next week's meeting -- IHS's Howard Archer
First Published Thursday, 9 July 2009 from Need to Know News
There is a strong possibility the Bank of England's Monetary Policy Committee (MPC) will expand the bank's Quantitative Easing (QE) programme by a further 25 billion to 150 billion, said IHS Global Insight's Howard Archer.
"There are clear indications that the Bank of England's Monetary Policy Committee continues to have major concerns and uncertainties about the timing, strength and sustainability of economic recovery," Archer said.
"Furthermore, there are still serious worries about the lack of bank lending to businesses, in particular, and consumers," he said.
- February Housing Starts fall 5.9% to 575k; Building Permits down 1.6% at 612k
February Housing Starts fell 5.9% to 575k -right on consensus - after an upward revision of 20k to 611k in the January data....continued
- JANUARY CANADIAN MANUFACTURING SALES UP 2.4%
Change in Inventories: 0.0% Change in Inventories ex-Petroleum: -0.1% Change in Sales (Shipments): 2.4% Inventory/Sales Ratio: 1.33 January Canadian manufacturing sales advanced 2.4% to C$44.6bln from a revised 1.9% rise (previously reported as a 1.6% increase), beating the consensus estimate of a 0.6% gain....continued
- CANADIAN Q4 LABOUR PRODUCTIVITY ADVANCES 1.4%
Labour Productivity Q/Q: 1.4%Hourly Compensation Quarterly: 1.3%Unit Labour Costs Quarterly: 0.0%Canadian Labour Productivity surged 1.4% after declining 0.2% in Q3, beating the consensus estimate of a 0.7% increase....continued
- Preview: February US Housing Starts & Building Permits
Preview: February US Housing Starts & Building Permits...continued
- Preview: Canadian Q4 Labour Productivity Seen To Climb 0.7%
Labour Productivity Q/Q: 0.7% Hourly Compensation Quarterly: 0.4% Unit Labour Costs Quarterly: 0.4% Q4 Labour Productivity for Canadian businesses is expected to increase 0.7%, after retreating 0.2% in the previous quarter....continued
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