robert wood, chief uk economist, pantheon macroeconomics. itjoins me now. no change expected today, why not? it joins me now. no change expected today, why not? good mornin: expected today, why not? good morning why expected today, why not? good morning why not? expected today, why not? good morning why not? inflation - expected today, why not? good morning why not? inflation is i morning why not? inflation is just back to the bank of england 2% target for top within that headline inflation, inflation with services, eating out, restaurants, all sorts of household services, going to out to the cinema and so on prices of these things are rising still really quickly. so yesterday we saw they were up 5.7% year on year. with that rate of increase headline inflation is not going to stay at 2% very long. at 296 very long. the next decision at 296 very long. the next decision by at 296 very long. the next decision by the at 296 very long. the next decision by the bank- at
Period so this year it s likely will see more of a broad based sort of interest in other sectors of the market not just confined to that say consumer as well as technology yes what will be the interesting sectors this year what should investors be focusing on in twenty eight. when we look at the market itself you can really break up the sectors in the stocks into value names so those names which is cheap and sort of under under looked under out of favor both by investors and then the growth names so names such as cover those property names i may and june does well is that the tech related names so in the vironment like this where growth is been trading at a forty percent premium to the value part of the market it s likely that the value sectors could do well with the banks whether it s insurance whether it s consumer staples but it is really it s again this year like all years when it comes to china very very stock specific on the fundamentals or what s driving company profits
This year it s likely will see more of a broad based sort of interest in other sectors of the market not just confined to let s say consumer as well as technology yes what will be the interesting sectors this year what should investors be focusing on in twenty eight. when we look at the market itself you can really break up the sectors in the stocks into value names so those names which are cheap and so under under look to under go out of favor both by investors and then the growth names so names such as cover those probably names i mentioned as well as the tech related names so in the virus like this where growth has been trading at a forty percent premium to the value part of the market it s likely that the value sector could do well with the banks whether it s insurance whether it s consumer staples but it is really it s again this year like or year when it comes to china very very stock specific on the fundamentals or what s driving company profits
Acknowledging that difficult days are on the way. that s the value part of all of this. that s the universal human rights that he s talking about. but there s also a reality here. what about allies like saudi arabia who are watching this, too? is the u.s. and the uk immediately going to jump in there at the very first sign of a democratic change a change in the democratic movement? they ve got to balance the reality and the idealism that we ve seen in this speech. and finally, on the emerging markets, they both have been nurturing brazil and india and china for economic opportunities. the uk has taken a different view. the uk sees it more as an economic opportunity. the u.s. has approached the emerging countries more as a geopolitical issue, for as a threat, for example, with china, many seeing it as a military and strategic threat. to some observations, behind those words of great unity and idealism, there is a reality