Michael Hume Quotes

They may want to cut rates as insurance against meeting the inflation target. - Michael Hume

The risk of a (U.K.) rate cut has risen sharply with this vote. It shows the doves are fighting pretty hard but there is a middle camp which is ready to be persuaded. - Michael Hume

The ECB is right to hold back on guidance. Given the mixed data flow on growth, it cannot be confident that a series of rate hikes back to neutral is feasible at this stage in the way that the Federal Reserve was when it started to raise rates. - Michael Hume

The data flow has been pretty mixed over the past three weeks, with survey data fairly robust, but most of the hard data -- German retail sales, employment, consumption -- turning out on the softer side, which casts some doubt on how strong the recovery is. - Michael Hume

I don't think they'll want to suggest March is a done deal, but I think at the same time they'll probably want to give indications that rates remain incredibly low, and that survey data continue to point to a robust first half of the year. So I think you can expect to see some firming up of the language. - Michael Hume

Alan Greenspan has reason to be hawkish. - Michael Hume

[U.K. economists were nearly unanimous in predicting the decision to hold rates in the wake of recent upbeat data on manufacturing output and retail sales.] They cut last month and there are signs that the domestic economy has been picking up speed... Their only worry is that the pound will remain strong (against the euro) - Michael Hume

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