Europe - ECB & BOE 01 (May 08 - Nov 11)

[mocca_com]

well. i am just a novice.. haha, i have nothing much to contribute but i just want to secretly learn from experts like millionairemind, winston, kennynah and many more. Well i have been following your postings since the wall straits days and reading on this forum have become a daily affair for me. I really appreciate the efforts that you people have put in to make this forum a successful one. Well.. from here i will do my best to post more findings. cheer.

[iam802]

Rate cut.. still not enough...

--------
Trichet Says Can't Rule Out More Cuts as Growth Slows (Update1)

http://www.bloomberg.com/apps/news?pid= ... refer=home

Nov. 6 (Bloomberg) -- European Central Bank President Jean- Claude Trichet said he can't rule out a further reduction in interest rates after today's half-point cut because the global financial crisis may lead to an extended economic slump.

[blid2def]

Okay, give you a star as encouragement to post.

[kennynah]

well. i am just a novice.. haha, i have nothing much to contribute but i just want to secretly learn from experts like millionairemind, winston, kennynah and many more. Well i have been following your postings since the wall straits days and reading on this forum have become a daily affair for me. I really appreciate the efforts that you people have put in to make this forum a successful one. Well.. from here i will do my best to post more findings. cheer.

u r too kind with your words....many "hidden swords" havent and probably will never show themselves too...

nevertheless.... please begin posting more....it is also a process of learning when we write... i hope to see your postings soon...cheers....

[kennynah]

then cut more.... and hence....dont bet on a strong euro gg fwd...

[millionairemind]

November 10, 2008

Record factory costs fall fuels new rate cut hope
Times Online

British factory costs fells at a record 5.6 per cent during October on plunging oil prices, raising hopes that consumer price inflation is set to tumble to below the Bank of England's target by next year.

October's fall in input prices is the sharpest month-on-month fall since 1986.

At the same time, factory gate prices fell by 1 per cent, pointing to pressure on manufacturers' pricing power as the economic slowdown takes its toll on activity in the sector.

Consumer price inflation hit a 16-year high of 5.2 per cent last month but today's data adds weight to hopes that the figure will fall below the Bank's 2 per cent target by next year.

Howard Archer, chief UK and European economist at IHS Global Insight, said: "The substantial falls in producer input and output prices in October reinforces belief that consumer price inflation is set to plunge over the coming months in reaction to sharply lower oil and commodity prices, contracting economic activity and very favourable base effects."
Last week, the Bank of England cut the interest rate by 1.5 per cent to 3 per cent.

However, following today's factory gate prices, Mr Archer said: "Consequently, we expect the Bank of England to cut interest rates by a further 50 basis points from 3 per cent to 2.5 per cent in December and to bring them down to 1.50 per cent by mid-2009 as it attempts to limit the length and depth of the recession."

[winston]

Britain likely in recession: Bank of England

The Bank of England said on Wednesday that the British economy was probably already in recession as a global financial crisis takes its toll.

''The economy probably entered recession in the second half of 2008 and output is likely to contract further,'' the central bank said in its latest quarterly report.

Britain's economy shrank 0.5 percent in the three months to September from the previous quarter, marking the first contraction since 1992, according to recent official data.

The economy had already shown flat performance in the second quarter with zero growth. However, Britain is not officially in recession unless it reports two quarters running of negative economic growth, or contraction.

AGENCE FRANCE-PRESSE

[LenaHuat]

Juz read Mocca's first post. Good job. Post more lah

[LenaHuat]

The latest from the BOE :"12 month long deep recession, from the 3Q 2008".

[millionairemind]

The latest from the BOE :"12 month long deep recession, from the 3Q 2008".

Good leh.. means recovering in 4Q09.

Market always leads by 6-9 months and that means a raging bull market is just around the corner, maybe 1Q09??..

This is the best piece of news I heard today..