Julian Callow Quotations

The creative imperative seems to be directed at getting around government regulations.

Some central bankers perhaps are not seeing growth as strong as the survey data suggest.

Global imbalances have become wider over the past few years. The risk is significant of a sharp adjustment.

If the headwinds from energy costs fade, the sky for growth should start to clear a little bit.

This report makes a further ECB interest rate increase in the first quarter of 2006 very likely: we have been looking for this to come in early March, but with a report like this, it could come sooner.

There is already a lot of flexibility built into the pact.

At that time, it was painfully obvious that the American economy was showing tremendous resilience when the Fed began tightening. Europe has nothing like that now.

There would have been disappointment if the Bank didn't act today. Inflation is low and under control and the ECB is quite concerned about the economic outlook.

There would have been disappointment if the Bank didn't act today, ... Inflation is low and under control and the ECB is quite concerned about the economic outlook.

Any move could be counter productive for OPEC, ... They need strong economies to maintain demand.

This is the moment of reckoning for the dollar. Europe is at last returning to normal growth.

This is very bad timing for the euro, and the report won't go down well with finance ministers or the European Commission, which is firmly against relaxation.

There seems to be acceptance that the big three central banks envisage further tightening. The G-10 appears confident about the pace of economic expansion.

It really is a case of taking a sledge hammer to crack a nut.

They are marked by different traditions and they have a stronger Anglo-Saxon background.

Hopes of a change after the likely election in September, the stock markets and the global economy are all contributing to what is a significant increase.

The ECB is getting toward a position of priming the markets for a future rate increase, but they don't want to say that explicitly because there have been false dawns before.