Philip Shaw
Philip Shaw
continued houses line shows
This shows a continued need for new houses in line with the recommendations of the Barker report.
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.
cut door next open perhaps rates soon
We think the door is still open for a cut in rates over the next two months, perhaps as soon as next month.
account taking
This was extraordinarily weak, even taking into account the seasonal unreliability of the data.
again although caution early happen inflation interest next rates until view
This underpins our view that interest rates will have to come down again although the MPC caution on inflation suggests that's not going to happen until early next year.
found pattern
We found that the cortex showed a different pattern of development.
believe differ expect high hold majority members official peter rates recent remain run spending street stronger
While we believe the recent run of stronger high street spending will peter out, a majority of MPC members may differ and we expect official rates to remain on hold at 4.5 percent.
both chance charged components couple input month next price prices rates
Both the input price and prices charged components are up on the month as well so this reduces the chance that rates will come down over the next couple of months.
headline peak seen
What this suggests is that we may have already seen the peak of headline inflation.
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.
chances hike next virtually week
We think the chances of a hike next week are virtually zero.
brain changed child children early grows intelligence intelligence-and-intellectuals late opposite pattern relationship smartest structure surprised thinner
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.
almost base certainly hold rates remain
Base rates will almost certainly remain on hold at 4.5%.
bang line market
The announcement was bang in line with market expectations.