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"Today's number indicates a very strong chance of negative GDP growth for the third quarter and would certainly pave the way for another 25 to 50 basis points of easing [in interest rates] over the next few months and the PPI number confirms that, as inflation is coming down as well".
"A number of members noted that the choice between 25 and 50 basis points of easing was a close call," the minutes said.
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The point of easing is not just to pump money into the economy, but also to instil confidence in companies and consumers.
"We now expect the central bank to bring rates to 4.0% by August at the latest — previously, we had expected 5.25% by July — maintaining at least the current 75 basis point pace of easing for at least the next couple of meetings," he said.
Here you can hear financial regulators harangue top bankers, trade unionists challenge the bosses of the world's biggest multinationals, and the finest minds in economics discuss the finer points of quantitative easing.
John Hagel, a consultant at McKinsey in Palo Alto, points to ease of price comparison and greater choice as its two biggest plus points compared with the physical world.
While this system, an aggregate of more than sixty live and static databases, represents a significant innovation in terms of documenting investigator qualifications under 21 CFR 312 and ICH 4.1.1, we feel that it may be a starting point for easing the burdens of research across specialties.
It was at this point that she began the process of easing over from full-time arts administrator to full-time poet.
This last point was importantly couched in terms of easing a woman's mind and countering a woman's potential feelings of self-blame.
Norwich - who are believed to be considering renaming Carrow Road as Letsby Avenue in honour of their benefactor Delia Smith - briefly entertained hopes of at least a point to ease their relegation worries, when Leon McKenzie equalised Joe Cole's goal.
The premium investors demand to hold 10-year Irish government bonds rather than euro-zone benchmark German Bunds widened by five basis points Tuesday to hit a euro record of 475 basis points before easing back to 468.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com