The earnings data may encourage the Bank of England to hold...

The earnings data may encourage the Bank of England to hold off from cutting interest rates in the immediate future as March while it seeks sustained clear evidence that the pay settlements for 2006 are remaining contained (the early signs are that wage moderation is continuing). However, we believe that interest rates are likely to be trimmed by a further 25 basis points by May.

Howard Archer Quote About Bank, Basis, Believe, Clear, Contained: The Earnings Data May Encourage...

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