David Kern Interest Quotations

The manufacturing sector's acute underlying weaknesses reinforce our view that we will need further interest rate cuts later in the year,

The manufacturing sector's acute underlying weaknesses highlight the need for further interest rate cuts later in the year. We do not necessarily call for, or expect, a further interest rate cut on Thursday. But the economy has clearly weakened and confidence is faltering. The MPC must be ready to act firmly to counter the downward pressures on the economy and to alleviate the plight of manufacturing.

Today's manufacturing output figures were ... worse than the market expected. The sector continues to stagnate and is persistently failing to sustain a recovery. The figures also confirm that the sector was in technical recession in the first half of 2005, ... The manufacturing sector's acute underlying weaknesses reinforce our view that we will need further interest rate cuts later in the year.

We also believe that we will need further interest rate cuts in the near future.

We need to have central leadership that is interested in kids succeeding at the top and the middle and the bottom at their maximum potential.

Powerful fundamental factors continue to support the case for an early modest interest rate cut.