55 Quotes by Philip Shaw

The PMI is a big upside surprise ... and is at least hinting that services growth stepped up at the end of last year.

People with agile minds tend to have a very agile cortex.

I was surprised that the relationship between intelligence and brain structure changed so much as a child grows up. In early childhood, the smartest children had a thinner cortex -- this is the opposite of what you'd expect. By late childhood, the pattern had changed completely.

Base rates will almost certainly remain on hold at 4.5%.

We think consumer spending will slow down and we're starting to see some evidence of that.

Last month's inflation report was about as strong an endorsement of steady rates as one is likely to see. The balance of news has turned around significantly over the past month and we now expect rates to remain on hold at 4.5% for the remainder of the year.

Last month's inflation report ... (was) about as strong an endorsement of steady rates as one is likely to see.

Overall, it would take some very weak data to trigger another cut. While this is not impossible, especially if consumption trends are weak, the balance of risks has turned and we now believe that base rates will remain on hold at 4.5 per cent for the rest of the year.

Our view is that base rates will remain on hold for the rest of the year, but that if there were to be a move, it would be down.