John Butler Next Quotations

There are two camps at the Bank of England: one that thinks there is too much liquidity in the market, and the other is concerned about a lack of growth. The report tends to have subtle changes that lay the groundwork for the next three months. It's more about the message.

We predict GDP growth of 0.6 per cent when the figures are published next Wednesday.

Another cut is on the cards possibly in the first-quarter of next year,

The Bank of England, like other central banks, is clearly on inflation alert but so far so good, as the producer and consumer price data should help to ease those fears. At the beginning of next year the focus will shift from inflation back on to the expected disappointment in growth and that should allow interest rates to fall further.

The next rate cut will come in late October, ... inflation is collapsing.