Analyst Views: Is Carney’s new policy going to help the UK’s recovery take hold?

 
Tim Wallace
Follow Tim

ROBERT WOOD | BERENBERG BANK

The governor admitted the recovery relies on consumption, and productivity is not growing yet. Loose monetary policy is not a solution to unsustainable growth.

KATJA HALL | CBI

We’re seeing signs business investment is starting to contribute more to growth. But there is still considerable slack in the economy, so now is not the time to raise rates.

HOWARD ARCHER | IHS GLOBAL INSIGHT

Consumers and businesses may find it more difficult to gauge what is likely to happen with interest rates, which could lead to greater caution in spending decisions.

Related articles