Clearly the departure of the most hawkish member of the committee suggests a risk of a marginally more dovish balance,
More Quotes from Alan Clarke:
Overall, this reinforces signs that we have seen the worst news on UK activity.Alan Clarke
For now, the 8-1 vote will provide ammunition to the doves that expect the next move to be a cut.
Alan Clarke
It's a healthy increase. It shows the retail sector is not on the brink of falling off a cliff. I still firmly believe the next move in interest rates is more likely to be up than down.
Alan Clarke
Growth has come back and there's still some further improvement left in the pipeline. I think the sentiment on the rate-setting committee is also evolving. With the data continuing to improve we could see a 9-0 vote fairly soon.
Alan Clarke
The rise in equity withdrawal is consistent with the rebound in house price inflation. It shows spending growth is increasingly dependent on equity extraction on top of take home pay.
Alan Clarke
The key message is housing market activity has improved significantly into the second half of this year and confirms the downside risks to growth from the housing market are vanishing.
Alan Clarke
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Based on Topics: Balance Quotes, Committees Quotes, Danger & Risk QuotesBased on Keywords: dovish, marginally
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