Geoffrey Dicks
Geoffrey Dicks
argued data goes growth indicate rapid round start support
One month's data do not necessarily indicate the start of a trend, but round one goes to those of us who have argued that the fundamentals do not support rapid growth in consumption this year.
consumer greater hence higher housing inflation latter market outlook policy relevance revival unless until weakness
Unless or until the revival in the housing market translates into higher consumer demand, it is the weakness of the latter that is of greater relevance to the inflation outlook -- and hence the policy decision.