Today's report provides something for both the hawks and the doves on the Monetary Policy Committee. It is, however, unlikely to precipitate a change of policy when the Bank next meets.
More Quotes from Simon Rubinsohn:
The debate on interest-rate cuts is still a live one.Simon Rubinsohn
The household spending number highlights the risks facing the consumer sector,
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This proves it is not just the Mervyn King show. In any academic or business environment you are always going to have at least two views that's what makes markets.
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Discussion at the meeting is likely to have been heavily influenced by the forthcoming inflation report.
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We still expect the MPC to leave policy on hold when it meets in November, although a split vote is likely,
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Based on Topics: Change Quotes, Committees QuotesBased on Keywords: doves, hawks, precipitate
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