The debate over rates will continue to intensify over the coming months, not least as the committee has received downside surprises from output and upside surprises from inflation.
More Quotes from Philip Shaw:
The fall in unemployment is a bit of a surprise. There are no signs for the time being that wage inflation is picking up although the numbers next month will be critical.Philip Shaw
The main point though is that output growth has now been below trend for five quarters and we can't see that changing over the next year or so,
Philip Shaw
Although it is clear the Bank is planning to keep rates on hold for now, our view is the MPC is still too optimistic on growth.
Philip Shaw
Everybody's looking toward consumer confidence in the States tomorrow, followed by other data later in the week.
Philip Shaw
The strength of high street activity during the month (November) reflects an abrupt turn in the weather driving demand for winter wear.
Philip Shaw
This was extraordinarily weak, even taking into account the seasonal unreliability of the data.
Philip Shaw
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Based on Topics: Committees QuotesA person who can write a long letter with ease, cannot write ill.
Jane Austen
Nuclear proliferation - the proliferation of WMDs altogether - is one of the greatest dangers of our time.
Timothy Garton Ash
But I can say that life is good to me. Has been and is good. So I think my task is to be good to it. So how do you be good to life? You live it.
Morgan Freeman