Philip Shaw Base Quotations

Base rates will almost certainly remain on hold at 4.5%.

Our view continues to be that unless the economy veers sharply from its present course one way or the other, base rates will remain at 4.5 percent for the rest of the year.

Our view is that base rates will remain on hold for the rest of the year, but that if there were to be a move, it would be down.

Overall, it would take some very weak data to trigger another cut. While this is not impossible, especially if consumption trends are weak, the balance of risks has turned and we now believe that base rates will remain on hold at 4.5 per cent for the rest of the year.