Samuel Tombs
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| Alma mater | University of Oxford |
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| ID | 1342963 |
About Samuel Tombs
Samuel Tombs is an award-winning British economist. He is the Chief U. K. Economist of Pantheon Macroeconomics, an economic research firm located in Newcastle, England, with an office in White Plains, . . .
UK economy grew faster than estimated since Covid
... " Samuel Tombs, chief UK economist at Pantheon Macroeconomics, noted that when it came to international comparisons, " a stable picture might take some time to emerge, given that statistical authorities in other countries are revising their data too"...
Food prices remain worryingly high, says Chancellor Jeremy Hunt
... Samuel Tombs of Pantheon Macroeconomics predicts that another interest rate rise is " now is firmly on the table" when the Bank of England meets on 22 June, potentially lifting borrowing costs from 4...
Mortgage lenders halt some deals after pound falls
... Samuel Tombs, chief UK economist at Pantheon Macroeconomics, said if interest rates rise as predicted, the average household refinancing a two-year fixed rate mortgage in the first half of next year would see monthly payments jump to £1,490 from £863...
Plan B: How will the changes affect the economy?
... " It seems that consumers confidence has been knocked back by news of the new variant, " wrote Pantheon s chief economist Samuel Tombs in the research note...
Nationwide: UK house prices continue surge, up 10% in November
... Samuel Tombs, chief UK economist at Pantheon Macroeconomics, suggested linked mortgage rates could also head upwards as a result...
The decline in inflation increased the prospects of interest rate cut
... On Sunday, MPC member Gertjan Vlieghe told the Financial Times, depending on how the economy has already taken off since the December election the members of the MPC could make the current inflation figure with a pinch of salt, said Samuel Tombs, chief UK economist at Pantheon macroeconomics...
UK house price growth low for a year, says Nationwide
... Samuel Tombs, chief UK economist at Pantheon Macroeconomics, said: November s month-to-month gain in Nationwide s index was the biggest since July 2018, indicating that support from the recent fall in mortgage rates is starting to kick in...
Inflation falls to three year low as energy prices fall
... But Samuel Tombs, chief UK economist at Pantheon Macroeconomics, said the inflation measure should rise back to 2% in the second half of 2020 so he doubted that rates would be cut soon...
The decline in inflation increased the prospects of interest rate cut
Cheaper hotel costs, the inflation rate slide helped down
The UK's inflation rate fell to the lowest in More Than three years in December, increasing speculation that interest rates could be lowered.
according to 1. 5% in November, which cost, in part, to a decline in The Price of women's clothing and hotel rooms.
in December, the inflation rate is the lowest since November of 2016.
analysts said, it increases the chances of a rate cut, with inflation below The Bank of England's target of 2%.
"Very soft UK inflation data for December, leaves the door wide open for a Bank of England interest rate cut on 30. In January," said Melissa Davies, an economist at Stock Broker Redburn.
The Bank rate at the expense of banks and other lenders, of the credit.
It affects everything from mortgages, business loans, and has a great effect on the finances of individuals and businesses.
City-traders, who spend their professional lives in order to superior to are convinced from moves in interest rates, is that it still has today: The Bank of England is likely to be the official interest rate cut when it meets later this month. Market indicators suggest that there is a 60% chance that it happens.
Here is the idea: 1. 3%, the official measure of consumer price inflation in the year to December, lower than expected and significantly below the 2% target. With the economy barely growing (even shrinking when you are ready, leave to the official November estimate of 0. 3% shrinkage), there are little signs of inflationary pressure in the near future.
Granted, there was a sharp increase in The Price of crude Oil - a barrel of was to 4. 9% in the month and 17. 4% on the year. But still, the producers were still paying a little less for their raw materials and supplies than in the previous year.
it was assumed that the November contraction was just a temporary period of weakness, induced by pre-election political Uncertainty and that it is a recovery, as businesses and consumers the confidence to spend and invest.
have to fight The danger of the MPC, is that the hoped-for post-election recovery does not materialise.
Earlier on Wednesday, Michael Saunders , one of the rate-setters on The Bank 's Monetary Policy Committee (MPC), reiterated its view that borrowing costs should be reduced.
"It will probably be appropriate to continue an expansionary Monetary Policy and possibly cut rates further in order to reduce the risks and sustainable undershooting the 2% inflation target," he said.
last week, two more rate setters and Bank Governor Mark Carney also suggested that the prices could be reduced, depending on how the economy performs.
On Sunday, MPC member Gertjan Vlieghe told the Financial Times, depending on how the economy has already taken off since the December election
the members of the MPC could make the current inflation figure with a pinch of salt, said Samuel Tombs , chief UK economist at Pantheon macroeconomics.
"half of The Decline in the overall inflation was driven by a sharp decline in the volatile airline rates, inflation," he said.
He expects inflation to rise to 1. 6% in The First three months of the year 2020, and this could mean waiting for enough MPC members to decide, rather than voting to lower interest rates.
Emma-Lou Montgomery, associate director of the personal investment of money manager Fidelity International , said that the inflation data painted a precarious picture for the British economy than before.
"Today, the UK CPI figures just add to the growing feeling of discomfort that many feel when considering the prospects for the British economy, the inflation rate was also below The Bank of England's target of 2%. "
A cut to facilitate the finances of the borrower would, but create a more difficult environment for savers, she added.
office for national statistics, uk economy, personal finance, inflation, bank of england
Source of news: bbc.com
