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"It will be gradual," he said.
"I think it will be gradual," Maurice Obstfeld, another Berkeley economist, said in an interview.
"The process has begun and it will be gradual and will depend on the price".
"It will be gradual and almost invisible unless and until, of course, we have an intelligence failure".
"The Bank is at pains to say that when rates do start to move it will be gradual, so we should see a continuation of the drift upwards, but there might be an initial rush of deals disappearing".
And that is that "the time to normalise interest rates is edging closer" as the economic recovery progresses, but it will be gradual and only occur when spare capacity has been cut.
Similar(52)
I think we'll see a distribution change over time, but that part of it'll be gradual.
The crucial question for the economy is whether the erosion in the dollar, should it continue, will be gradual and orderly, as it has been so far, or whether it will turn into a rout that could destabilize the financial markets and endanger the recovery.
Spare capacity must fall more before the first increase, he said and the rise, when it comes, will be gradual and contingent on economic progress.
Change, if it comes, will be gradual, but my spectacular imagery did give us a way to talk about those contagious emotions.
But its evolution will be gradual.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com