Jonathan's Feed
Apr 22, 2015

No Bank of England rate rise until early 2016

By Jonathan Cable

(Reuters) – The Bank of England will wait until early 2016 before raising interest rates, but with economic growth forecast to stay steady and inflation below target, even then it is a close call, according to a Reuters poll of economists.

Not long ago, the BoE was expected to be the first major central bank to begin hiking rates from near zero, where they have held for more than half a decade.

Apr 22, 2015

No Bank of England rate rise until early 2016: Reuters poll

By Jonathan Cable

(Reuters) – The Bank of England will wait until early 2016 before raising interest rates, but with economic growth forecast to stay steady and inflation below target, even then it is a close call, according to a Reuters poll of economists.

Not long ago, the BoE was expected to be the first major central bank to begin hiking rates from near zero, where they have held for more than half a decade.

Apr 13, 2015
via MacroScope

No deflation in store for Britain

Photo

Will Britain follow the euro zone into deflation? Unlikely, say a majority of the economists who participated in a Reuters poll.

Only 10 of the 46 quizzed in the past week expect prices to have fallen last month with the median suggesting the Office for National Statistics will say inflation was flat when they publish the data on Tuesday.

Apr 10, 2015

ECB was right in saying QE was working even before it began: poll

LONDON (Reuters) – The European Central Bank was “about right” in claiming its trillion-euro quantitative easing program was having a positive impact before it had even begun, according to three quarters of economists polled by Reuters this week.

Minutes from the Governing Council’s March meeting showed members “generally shared the assessment” that significant positive effects from their latest policy decisions could already be seen.

Apr 7, 2015

Euro zone price discounting drives growth in activity

LONDON (Reuters) – Price discounting drove growth in all of the euro zone’s major economies in March, helping business activity increase at its fastest rate for nearly a year, a survey showed on Tuesday.

New orders came in at their fastest rate since May 2011 and the survey found that companies have now been cutting prices for three years, although not as sharply in March as before.

Apr 7, 2015

Euro zone business growth accelerates as new orders pour in

LONDON, (Reuters) – Euro zone business activity accelerated in March at its fastest pace for nearly a year as customers took advantage of ongoing price discounting to place new orders at a rate not seen since mid-2011, a survey found.

The upbeat survey will provide welcome news for the European Central Bank just weeks after it embarked on a trillion-euro asset-purchase programme to try and spur growth and inflation.

Apr 1, 2015

More economists see Bank of England rates on hold until early 2016 – Reuters poll

LONDON (Reuters) – The Bank of England will sit tight on interest rates until next year as it waits for Britain’s recovery to grow deeper roots and inflation to pick up, according to an increasing number of economists polled by Reuters.

None of the 75 economists surveyed by Reuters over the past week expect any move on Bank Rate from its record low of 0.5 percent when the Monetary Policy Committee meets on April 9.

Apr 1, 2015

European factories buoyant but weak Asia adds to stimulus calls

By Jonathan Cable and Ian Chua

(Reuters) – Companies struggled in China and much of the rest of Asia in March, suggesting central banks may have to resort to more stimulus, just as factories in the euro zone begin to reap rewards from ultra-easy policy there.

Any indication of recovery will delight the European Central Bank which embarked on a quantitative easing programme in March, aiming to buy around 60 billion euros of bonds every month to drive up inflation and spur the recovery.

Apr 1, 2015

Euro zone manufacturing picks up as weak euro boosts exports – PMI

LONDON (Reuters) – Manufacturing activity across the euro zone accelerated faster than previously thought last month, adding to signs the bloc’s economy is recovering, a business survey showed on Wednesday.

Any indication of a pick-up in growth will delight the European Central Bank, which embarked on a quantitative easing programme in March, aiming to buy around 60 billion euros of bonds every month to drive up inflation and spur the recovery.

Mar 24, 2015

Euro zone and U.S. manufacturing expand, China struggles

LONDON/NEW YORK, March 24 (Reuters) – Euro zone businesses
ramped up activity in March as the European Central Bank started
printing money to spur economic growth, while a slowdown among
Chinese factories fueled expectations of more monetary stimulus.

U.S. manufacturing growth also edged up despite a stronger
U.S. dollar and the threat of an interest rate rise from the
Federal Reserve later this year.