Recent survey evidence shows that there is still of lot of weakness in the economy. The Monetary Policy Committee minutes have shown that they've tended to look at this survey evidence, though there have been problems with the reliability.
More Quotes from Sharda Persaud:
We are going to see more small falls for two to three months and then some summer optimism.Sharda Persaud
We're sterling people. It's a fairly well-balanced decision, but given the movements in sterling over the past 6 months, a 25 basis point cut would have compensated.
Sharda Persaud
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