CALDEIRÃO DE BOLSA

- GOE - Escreveu:

essa manutencao, ja nao foi confirmada logo de manha? icon_rolleyes.gif

Confirmada de que forma lutav? O anuncio da decisão penso que só é as 12:45..

Bons negócios

essa manutencao, ja nao foi confirmada logo de manha? icon_rolleyes.gif

- GOE - Escreveu:Não sabia que na Inglaterra também havia decisão sobre as taxas de juro..

Quanto à revisão feita pelo BCE aposto numa manutenção das taxas..

Bons negócios

"FT - With evidence building that the UK economy is slowing at a faster rate than previously thought pressure is building on the Bank of England to cut interest rates on Thursday. The latest house price survey showed prices fell at their fastest rate for nearly five years and the service sector, the driver of the UK economy, is also slowing, according to a survey published on Wednesday.

Do you think the Bank of England should cut the lending rate at the end of its two-day meeting on Thursday or should it hold fire until the New Year?

The consensus view among analysts is still that the Bank will hold interest rates at 5.75 per cent but the gap is narrowing with more commentators taking the view that Mervyn King and the Monetary Policy Committee cannot afford to wait until 2008."

LONDON (Thomson Financial) - The OECD believes there is room for the Bank of England (BoE) to lower interest rates due to an expected slowdown in economic growth.

'With a weakening of activity projected going forward, a series of interest rate cuts should remain consistent with price stability,' the organisation said.

If upcoming economic data continues to reflect a slowing economy, the

BoE could afford to cut policy rates to prevent an excessively sharp downturn, particularly given that there is no scope for fiscal policy to ease further, it said.

The OECD has factored in a quarter point rate cut to 5.50 pct when the BoE

reveals its rate verdict at noon today.

Though the markets have also moved to price in a rate cut to 5.50 pct after a run of softer economic data, the economist fraternity is less sure given ongoing concerns about inflation. Less than a half of economists polled by Thomson Financial News think the BoE will lower borrowing costs though they all concede the vote is likely to be one of the closest since the BoE was granted independence a decade ago.

The OECD also believes more rate cuts could come next year.

'As long as the real economy slows as projected and inflationary pressures remain contained, further easing in monetary policy would be justified in the first half of 2008,' the OECD added.

It sees UK GDP slowing to 2.0 pct in 2008 before rising to 2.4 pct in 2009. In 2007, GDP growth is seen at 3.1 pct.

The OECD also said GDP growth may disappoint if the housing market and business investment fall into a sharper than expected drop.

The organisation also played down the recent pick up in the main measure of inflation.

'Although consumer price inflation has recently picked up to just over 2 pct, this still represents a significant fall from the average rate of 2.7 pct in the first half of the year,' it said.

The OECD sees GDP growth weakening in coming quarters, as both investment and consumer demand are likely to be dented by a softer housing market and tighter credit conditions.

It also sees the annual rate of CPI inflation remaining close to the 2 pct target that the central bank is charged with keeping.

The OECD said the housing market will continue to slow.

'While the slowdown in the housing market began earlier this year in response to higher interest rates, it has been reinforced more recently by turbulence in the financial markets,' it said.

'Shocks to the financial sector have pushed up some borrowing rates, have

restricted the availability of credit to some groups, and are likely to result in lower bonuses for many financial sector workers. This could lead to flow-on effects for the upper end of the housing market in the larger cities, particularly London,' it added.

On the fiscal front, the OECD sees the government deficit moving back above 3 pct of GDP before falling back to 2.75 pct in 2009.

'With fallout from the recent financial turmoil expected to limit tax revenues, additional measures will be needed to reduce the fiscal deficit more rapidly and ensure that the fiscal rules can be met in the medium term,' it said.

'A further widening in the deficit is likely in 2008, followed by a contraction in 2009 as the governments tighter expenditure plans come into play,' it added.