Gavin Redknap Few Quotations

We still see lower rates later in the year, but for now, with the economy growing at about trend and in a balanced manner, there are few reasons for policy to be altered in either direction.

The minutes indicate a majority that feels satisfied with the current economic climate. The Bank noted inflation and inflation expectations remained anchored. Meanwhile growth had already picked up to its long-term average, and was likely to remain there in the next few quarters. Today's GDP release certainly confirmed the former point.

It's good news. We know that the economy is starting to firm up, so we may see better jobs figures in the next few months.