Philip Shaw Last Quotations

The PMI is a big upside surprise ... and is at least hinting that services growth stepped up at the end of last year.

Last month's inflation report was about as strong an endorsement of steady rates as one is likely to see. The balance of news has turned around significantly over the past month and we now expect rates to remain on hold at 4.5% for the remainder of the year.

Last month's inflation report ... (was) about as strong an endorsement of steady rates as one is likely to see.

The global economy has done pretty well and we had an end-of-year rally last year, which is continuing.