Alan Castle
Alan Castle
argue committee decisions few given hard impact majority monetary months mr next rate throughout time voted
It is hard to argue that it will have a significant impact on monetary policy, given that Mr Lambert had voted with the majority throughout his time on the Committee and that the rate decisions over the next few months do not look like being close-calls.
consensus forecasts growth inflation picture short weaker
The big picture here is that the Bank's forecasts for growth and inflation are different to consensus expectations for weaker growth and inflation short term.
businesses drag growth hand overall quite retail services signals strong weak
On one hand you have very strong signals from businesses services, but on the other quite weak ones from the retail sector. That's going to drag overall services growth down.
basis becoming call cut february move nervous next point push rate ready throw towel
We are becoming increasingly nervous about our call for a 25 basis point rate cut at the February ... meeting, even if we are not yet ready to throw in the towel and push back the next rate move to the spring.