Not even the most dovish of forecasters expects interest rates to be cut at Thursday's meeting.
More Quotes from Alan Clarke:
The worst news on UK inflation is yet to come. The probability of a further rate cut is clearly reducing.Alan Clarke
This was another body blow for those still clinging on to the hope of lower interest rates.
Alan Clarke
Overall, this reinforces signs that we have seen the worst news on UK activity.
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
This certainly lends support to the (Bank of England) hawks that suggest the official retail sales data may not be a fair representation of broader consumer demand in the first quarter of the year.
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
Readers Who Like This Quotation Also Like:
Based on Keywords: dovishBeware lest you lose the substance by grasping at the shadow.
Aesop
Captain Kirk has been a source of pleasure and income for a long time.
William Shatner
This is Red Barber speaking. Let me say hello to you all.
Red Barber