55 Quotes by Philip Shaw

Our view continues to be that unless the economy veers sharply from its present course one way or the other, base rates will remain at 4.5 percent for the rest of the year.

Marks & Spencer has got its act together, ... There has been a UK retail boom in December but January has gone off to a slow start.

The announcement was bang in line with market expectations.

We are increasingly nervous about our call for a quarter-point rate cut in February, even if we are not ready to throw in the towel. Continued sluggish growth should mean the next couple of years see a degree of disinflation, justifying lower interest rates.

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.

The critical numbers will be the data on January which are due in a couple of months, but there are no signs of inflation-busting pay deals from these numbers and we expect that to remain the case.

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.

We think the door is still open for a cut in rates over the next two months, perhaps as soon as next month.

This shows a continued need for new houses in line with the recommendations of the Barker report.