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Inflation risk turns up heat on Bank rate

first_img Share Show Comments ▼ THE Bank of England could signal an imminent rise in interest rates this week, with the publication of the latest inflation report which forecasts inflation and growth in the UK.“We expect the Bank’s report to show an upward revision to their inflation projection and to signal that the first rate hike is likely to arrive sooner rather than later,” said a BNP Paribas spokesperson.More pressure will be piled on the Bank of England to raise interest rates tomorrow, if January’s consumer price inflation yet again surprises on the upside. In December, CPI inflation jumped to 3.7 per cent, above forecasts of 3.3 per cent.While some analysts still expect rates to stay at their historically low level of 0.5 per cent until the end of the year, the markets anticipate an earlier hike.“Looking at sterling interest rate futures, markets are pricing in an 88 per cent chance of a 0.25 per cent increase by June,” said Hetal Mehta of Daiwa Capital.Markets are 100 per cent confident of rates hitting one per cent by September, and are expecting an additional 0.25 per cent rise by the end of the year, she said.“We still expect rates to rise soon and rise further than markets price in,” added Michael Saunders of Citigroup.Saunders also questioned the Bank’s credibility, after a long period of incorrect inflation forecasts.“The nine inflation reports from August 2008 to August 2010 all projected sub-target inflation two to three years ahead,” Saunders said, “and succeeded in persuading markets that rates will stay low for an extended period.” “However, the November report’s forecasts failed to gain similar traction with the markets,” he said. Even if the Bank forecasts inflation coming down next year, “investors may again be sceptical, doubting the inflation forecasts and hence also doubting their message that rates will rise slower than markets price in,” Saunders said.“In fairness, the recent forecasting record of economists has not been much better,” added Deloitte’s Ian Stewart. More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com Sunday 13 February 2011 11:10 pm whatsapp whatsapp KCS-content Inflation risk turns up heat on Bank rate Tags: NULLlast_img read more

Standard Group Limited (SGL.ke) 2018 Annual Report

first_imgStandard Group Limited (SGL.ke) listed on the Nairobi Securities Exchange under the Retail sector has released it’s 2018 annual report.For more information about Standard Group Limited (SGL.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the Standard Group Limited (SGL.ke) company page on AfricanFinancials.Document: Standard Group Limited (SGL.ke)  2018 annual report.Company ProfileStandard Group Limited is a major publishing and broadcasting company in Kenya with interests in print, radio and TV and digital media. Well-known brands include The Standard newspaper; the second-largest national newspaper and the flagship product of the publishing group; Kenya Television Network (KTN), a private, independent TV station; KTN News, a 24-hour news channel; Bamba TV; operated via Lancia Digital Broadcasting and offering international and local channels; Radio Maisha, a radio station offering listeners a wide selection of news, entertainment and current affairs programmes; The Nairobian, a leading weekly newspaper; Standard Digital, a leading online publishing platform; Think Outdoor, an outdoor advertising agency placing billboards in strategic sites. The company was founded in 1902 and its head office is in Nairobi, Kenya. The Standard Group Limited is a subsidiary of S.N.G Holdings Limited. Standard Group Limited is listed on the Nairobi Securities Exchangelast_img read more