Inflation Worries Could Put Brake on Interest Rate Cut; ECONOMICS

The Birmingham Post (England), February 29, 2008 | Go to article overview

Inflation Worries Could Put Brake on Interest Rate Cut; ECONOMICS


Record high inflation expectation figures will give the Bank of England Monetary Policy Committee cause to hesitate before making further interest rate cuts, according to the latest figures from BDO Stoy Hayward's Business Trends report.

The accountancy firm's Inflation Index leapt once again from 111.8 in January to 113.7 in February, an all time high for the measurement which has been running since 1998.

The 'poll of business polls' also reveals that short term business confidence remains shaky.

It fell further from 99.8 in January to 99.4 in February, the fifth consecutive month it has declined.

After a resurgence over the last few months, the manufacturing sector is also back below the crucial 100 mark, from 101.6 in January to 99.8 in February, indicating below trend growth rates for the sector.

However, in the medium term business confidence remains robust.

A second survey was equally bleak.

Soaring fuel and home energy prices have helped sink consumer confidence to a 13-year low, according to the GfK NOP barometer.

It scored minus 17 this month, down four points from January and the lowest level since December 1994.

In a further sign of a spending slowdown, the appetite for buying big ticket items such as fridges and washing machines was the weakest for nearly 18 years.

GfK spokeswoman Rachael Joy said rising petrol costs and heating bills were squeezing household budgets despite this month's interest rate cut, the second in two months.

She said: "Consumers are feeling a little less confident about their own personal finances and much less confident about the general economy as a whole."

BDO suggests that businesses feel, nevertheless, that the economy is sufficiently strong for rising input costs to be passed onto consumers. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Note: primary sources have slightly different requirements for citation. Please see these guidelines for more information.

Cited article

Inflation Worries Could Put Brake on Interest Rate Cut; ECONOMICS
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
Items saved from this article
  • Highlights & Notes
  • Citations
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Search by... Author
    Show... All Results Primary Sources Peer-reviewed

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.