Martin Beck

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Last quote by Martin Beck

In her valedictory speech last week, Ms Forbes argued that the availability of such tools was one reason behind the Bank's 'failure to launch' and hike rates.feedback
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Jun 27 2017
This page is completely dedicated to what Martin Beck has to say. All of Martin Beck’s quotes are organized here by date and topic. The most recent quote attributed to Martin Beck came from an article called Brexit critic joins Bank of England interest rate-setting committee: “Given that it is very much the pattern for newly-appointed committee members not to vote against the consensus view, it seems likely that Professor Tenreyro's appointment will shift the MPC's balance in a dovish direction, at least in the next meeting.”.
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Martin Beck quotes

May 02 2017

With 'the makers' accounting for little more than 10% of GDP, it will require a strong performance from the sector to compensate for headwinds from inflation and other sources affecting the dominant services sector.feedback

Apr 22 2017

With the retail sector accounting for around 5pc of GDP, the first quarter decline in sales will have shaved close to 0.1 percentage points off GDP growth in that period. Combined with a poor set of macro data from other sectors, growth looks likely to have slowed from 0.7pc in the final quarter of 2016 to around 0.4-0.5pc.feedback

Apr 21 2017 - Easter

Combined with a poor set of macro data from other sectors, growth looks likely to have slowed from 0.7pc in the final quarter of 2016 to around 0.4-0.5pc. Looking ahead, the boost to the tradable sector from the weak pound and a buoyant world economy should mitigate weakness on the consumer side. But the dominance of the latter in the economy means that a shift in the source of growth is likely to come at the price of a further slowdown in the pace of expansion.feedback

Apr 05 2017

The slight drop in input cost inflation offers hope that we are now some way down the road in terms of the weaker pound passing through. But the steady trickle through to consumer prices looks set to continue for several months yet, taking consumer price inflation towards 3pc in the second half of the year.feedback

Apr 02 2017

We see risks of an overshoot to our forecast in the intervening period. There is more than a reasonable chance that pragmatism will prevail and cliff-edges will be avoided given the potential costs to both side if no agreement is reached.feedback

Mar 31 2017

Given that higher household borrowing was a key part of the Bank's strong forecast for GDP growth, there must be a good chance that this will not be achieved, strengthening the case for a lengthy period of monetary policy inaction.feedback

Mar 31 2017

Given that this pre-dates the worst of the inflationary pressures, it provides further evidence that 2017 is likely to be a very tough year for the consumer, with little or no scope to offset the headwinds from higher inflation by borrowing more.feedback

Mar 20 2017

Higher inflation will be the key culprit in the sharp slowdown in consumer spending growth this year, cutting off what has been an all-too-brief revival in real pay growth and continuing the dismal picture for real earnings seen since the financial crisis. There should be some improvement in 2018, as inflation begins to cool, but even then we anticipate real wage growth of just 0.7pc. It is likely to be 2019 before workers begin to enjoy more 'normal' rates of real wage growth again.feedback

Nov 25 2016

So the weak pound may already be delivering some upsides. But the downsides of that weakness in pushing up inflation means that GDP growth in the near-term may struggle to match Q3's performance.feedback

Oct 17 2016

We don't really know how the future shape of the economy is going to evolve. We don't know whether we will have a 'soft Brexit' or a 'hardBrexit' … Every day is bringing new stories, new rumors, the picture is constantly evolving.feedback

Oct 17 2016

We think over the next six months or so we will start to see the after effects of that vote coming to play. The falling pound is going to push import prices up, will raise inflation, that will depress consumers' purchasing power and as Brexit becomes more of a hard reality, the business investment is likely to suffer because of the uncertainty around what will be the U.K.'s trade future relationships with the EU.feedback

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