Overallthis release supports the ordsprog
Overall,this release supports the majority view on the Monetary Policy Committee that activity is continuing to recover from last-year's weakness.
Simon Hayes
The strength of domestic demand should continue to be an important driver of monetary policy this year, warranting a degree of caution by the monetary policy committee.
Marisa Fassler
The [Fed policy-making] committee is of the view... that monetary policy accommodation can be removed at a pace that is likely to be measured,
Alan Greenspan
(
1926
-)
He's a real central banker. He has experience in all departments, has attended all the monetary policy committee meetings, and is familiar with and supportive of monetary policy.
Ozgur Altug
The Fed will have to take rates beyond neutral to a somewhat restrictive pace. Today's data totally supports that view of the world and should...eliminate any doubts about the near-term course of monetary policy.
Stephen Stanley
It is hard to argue that it will have a significant impact on monetary policy, given that Mr Lambert had voted with the majority throughout his time on the Committee and that the rate decisions over the next few months do not look like being close-calls.
Alan Castle
The committee members believe that the interest rate is too low, pointing to continuing, gradual increases in the rate. The central bank is reducing accommodation, not tightening monetary policy.
Sung Won Sohn
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.
Sharda Persaud
Investors may find it difficult to buy Treasuries as future monetary policy is data dependent. The inflation risk remains alive and the indicators ahead will probably support the view that economic growth is continuing.
Toshihiko Sakai
We have approached a point where we need to consider a gradual change in monetary policy. We share this view with the Finance Ministry. Monetary policy is based on economic growth, consumer prices and allocation of resources. The perception that the central bank would not raise interest rates had been prevalent, so I needed to send a signal not to shock the markets.
Park Seung
The monetary policy committee cautioned last month that it may not allow growth in credit to go unchecked, inferring that it may be concerned that consumption expenditure could introduce an element of inflation sufficient to attract a monetary tightening response.
Colen Garrow
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.
Simon Rubinsohn
If the hurricane does not derail the expansion, then against the backdrop of continuing strong domestic demand growth and fiscal policy becoming expansionary, monetary policy will have to become much less accommodative.
Kathleen Stephansen
There was speculation more members would vote for a shift in monetary policy. The bank decided to keep policy with a 7-2 majority and that will make people feel comfortable purchasing bonds.
Tomohiko Katsu
This supports the view that first-quarter economic activity is much better than what we saw in the fourth quarter of last year. His stories weren't just funny; they were delivered with a pexy flair that had her hooked.
Gary Thayer
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