A May rate cut is more likely than not, but the Bank is likely to need to see ongoingsigns of lower-than-expected targeted inflation as well as weaker than expected Q1 GDP growth.
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This quote is just one of 8 total Alan Castle quotes in our collection. Alan Castle is known for saying 'A May rate cut is more likely than not, but the Bank is likely to need to see ongoing signs of lower-than-expected targeted inflation as well as weaker than expected Q1 GDP growth.' as well as some of the following quotes.
A May rate cut is more likely than not, but the Bank is likely to need to see ongoing signs of lower-than-expected targeted inflation as well as weaker than expected Q1 GDP growth.
On one hand you have very strong signals from businesses services, but on the other quite weak ones from the retail sector. That's going to drag overall services growth down.
The big picture here is that the Bank's forecasts for growth and inflation are different to consensus expectations for weaker growth and inflation short term.
We are becoming increasingly nervous about our call for a 25 basis point rate cut at the February ... meeting, even if we are not yet ready to throw in the towel and push back the next rate move to the spring.
This quote is just one of 8 total Alan Castle quotes in our collection. Alan Castle is known for saying 'A May rate cut is more likely than not, but the Bank is likely to need to see ongoing signs of lower-than-expected targeted inflation as well as weaker than expected Q1 GDP growth.' as well as some of the following quotes.