Economic news since the 4 August easing has been a mixed bag and consistent with rates remaining on hold.
More Quotes from Philip Shaw:
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.Philip Shaw
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.
Philip Shaw
It was a case of the panic being overdone, ... U. S. institutional investors were going to sell their European assets, but the coordinated action removed the fear about a weaker euro.
Philip Shaw
That might be happening more efficiently in the most intelligent children. People with very agile minds tend to have a very agile cortex.
Philip Shaw
such a modest increase in unemployment is unlikely to have any impact on consumer confidence or affect consumer spending.
Philip Shaw
The figures are better than expected and although petrol prices have come down, there is an improvement in core rate of inflation.
Philip Shaw
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