Quotes by Alan Clarke

“Speculation that we will see deep interest rates is overdone. In the context of the widely anticipated rate cut in August, it is not surprising that the Halifax figures rose. Mortgage approvals suggest we should soon get better news on house-price inflation.”

“The worst news on UK inflation is yet to come. The probability of a further rate cut is clearly reducing.”

“Overall, this reinforces signs that we have seen the worst news on UK activity.”

“As ever, the input price data is an energy story, and the fall in the sterling price of oil in the last month is coming through a little quicker than thought,”

“The rise in output prices confirms signs... that firms are clawing back some pricing power.”

“Services performance was encouraging especially given the glimmers of hope on the domestic demand side.”

“We believe that with inflation rising rapidly, and concerns among the hawks that it will be harder to bring under control ... the door has been closed to further cuts.”

“Not even the most dovish of forecasters expects interest rates to be cut at Thursdays meeting.”

“Tourism is a barometer of normalcy, and tourism is doing exceptionally well. Of course, we are starting from a low base, but we are a rising star in Europe.”

“The key message is housing market activity has improved significantly into the second half of this year and confirms the downside risks to growth from the housing market are vanishing.”