The figures are better than expected and although petrol prices have come down, there is an improvement in core rate of inflation.
More Quotes from Philip Shaw:
It's very early to be drawing too many conclusions on the high street after the Christmas and New Year trading period. It's going to take some time for the full picture to unfold.Philip Shaw
Children with the most agile minds have the most rapidly changing cortex.
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
Children might inherit certain genes that incline them to interact with their environment in very 'stimulating' ways. This stimulation could then influence brain development. . . . What is less likely is the idea that we are born with a certain set of genes which 'fix' at birth our intelligence and the trajectory of our brain development.
Philip Shaw
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.
Philip Shaw
The figures are significantly better than expected and may call into question whether the MPC will raise interest rates at its July meeting. Clearly there are no inflationary pressures in the near term.
Philip Shaw
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