Philip Shaw
Philip Shaw
above cut economy grow interest rates reluctant signs
If there are any signs that the economy will grow at or above trend, then the MPC will be even more reluctant to cut interest rates again.
august bag consistent easing economic mixed news rates remaining since
Economic news since the 4 August easing has been a mixed bag and consistent with rates remaining on hold.
areas certain children key later peak reached relatively several thin thinner
And we find the most intelligent children started off with a relatively thin cortex, but it then got thicker relatively rapidly, reached its peak thickness in certain key areas several years later but then also got thinner quicker.
birth born brain certain children environment genes influence inherit intelligence interact less likely might trajectory
Children might inherit certain genes that incline them to interact with their environment in very 'stimulating' ways. This stimulation could then influence brain development. . . . What is less likely is the idea that we are born with a certain set of genes which 'fix' at birth our intelligence and the trajectory of our brain development.
bang line market
The announcement was bang in line with market expectations.
main message mortgage strength
The main message here is the unremitting strength of the mortgage market.
although bit fall inflation month next numbers picking signs time wage
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.
although core expected figures improvement petrol prices rate
The figures are better than expected and although petrol prices have come down, there is an improvement in core rate of inflation.
below changing five growth main next output point quarters though trend year
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,
account taking
This was extraordinarily weak, even taking into account the seasonal unreliability of the data.
against bank far mark optimism question rebound recovery year
The rebound so far this year is unconvincing and that has to place a question mark against the Bank of England's optimism for a recovery in consumption this year.
continued houses line shows
This shows a continued need for new houses in line with the recommendations of the Barker report.
found pattern
We found that the cortex showed a different pattern of development.
corporate nervous seen trading worst
We will see nervous trading ahead, as we have seen from Cisco that the worst is not yet over for corporate earnings.