21 ordspråk av Ross Walker

Ross Walker

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From an inflation perspective these are reassuring numbers: If manufacturers can't raise their prices when input cost inflation is running at an all-time high, when can they?

Evidence of stronger consumer demand over Christmas probably means the hawks can hold the line in February, but the risks for base rates remain skewed to the downside.

Job cuts are mainly coming from manufacturers, who are still suffering. We are going to see further increases in the claimant count rate and the odds of any sort of wage inflation problem emerging are diminishing rapidly.

Of the Group of Seven economies the UK is in the best shape but there is a risk to the downside, ... There's not much data post September 11. A quarter point cut as a precautionary measure will not be too much of a risk.

Some of the concerns out there about CPI hitting 3% ... at least in the short term look overdone,

Compared with the slowdown at the start of the year, these numbers look a little healthier. In the short term, the numbers don't help the case for rate cuts.

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