Andrew Sentance - PricewaterhouseCoopers

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Last quote by Andrew Sentance

Prices of goods bought in shops, at petrol stations and online in September were 3.3% up on a year ago, whereas only a year ago they were falling by 1%. This surge in inflation – which mainly reflects the fall in sterling since the European Union referendum vote – is squeezing consumers and holding back the growth of retail spending in volume terms.feedback
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Oct 19 2017
Andrew Sentance has most recently been quoted in an article called Bank warned not to raise interest rates amid squeeze on households. Andrew Sentance said, “[A rate hike] should be seen as a positive development, reflecting the resilience of the economy. A quarter-point rise in the Bank rate would only take it back to the 0.5% level which was set from 2009 to 2016 – and is most unlikely to derail the economic recovery.”. Andrew Sentance has been quoted a grand total of 20 times in 16 articles.
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Andrew Sentance quotes

Jun 15 2017 - Easter

Already brittle consumer confidence and caution over making major purchases could be magnified by heightened economic and political uncertainties following the general election.feedback

May 25 2017 - Brexit

Despite this, optimism about global prospects plus a decline in the value of the pound against the euro has helped to push up the UK stock market, with the FTSE 100 hitting a new record high in the middle of last week.feedback

Apr 21 2017 - Unemployment

These latest retail sales figures show that the post-Brexit surge in consumer spending has come to an abrupt end. It is not surprising to see consumers reining in their spending. Inflation has caught up with pay growth, so real incomes of workers are no longer rising. Employment growth has also slowed sharply over the past six months, even though unemployment remains historically low.feedback

Mar 24 2017

The MPC will probably regret not having acted earlier as the pound continues to weaken and inflation surges.feedback

Mar 24 2017

I have been arguing for some time that interest rates should be gradually rising. The problem this year is that the slowdown in the economy could make that more difficult, even though it would be the right policy.feedback

Mar 18 2017 - Brexit

We need people from a solid UK business background with experience and understanding of the UK economy. I think we have to get back to basics here in the UK after the Brexit vote and get good UK business economists, of which there are plenty, but not many have been appointed to the MPC recently to exercise their judgement.feedback

Oct 28 2016

In isolation this wouldn't be a big issue, but this could be the start of a slippery slope where the government gets much more drawn into individual deals and negotiations than historically they have.feedback

Apr 08 2016

This cut in interest rates was widely expected, but it is really a token gesture which is unlikely to help the economy much in the current situation. Savings rates are already near-zero and borrowing costs for business and homeowners are extremely low.feedback

Apr 08 2016

The pound could well weaken further, adding to inflation and business costs. The margin banks earn on their lending is likely to be squeezed, creating new pressures in the financial system.feedback

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