What this suggests is that we may have already seen the peak of headline inflation.
More Quotes from Philip Shaw:
Overall, it would take some very weak data to trigger another cut. While this is not impossible, especially if consumption trends are weak, the balance of risks has turned and we now believe that base rates will remain on hold at 4.5 per cent for the rest of the year.Philip Shaw
Economic news since the 4 August easing has been a mixed bag and consistent with rates remaining on hold.
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
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
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
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
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