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.