22 May 2009

Too soon for green shoots, says MPC member Sentance

I’ve just been in Liverpool with Monetary Policy Committee member Andrew Sentance. He told me it wasn’t helpful to talk about green shoots at the moment – instead, we should be looking for an indication that things are bottoming out (see the clip below).

He also said there were promising signs the downturn was easing, but that it was too soon to say when the recovery would in fact start. You can see his full answer in this longer interview video (about 6.30 mins in).

Full report on tonight’s show and here on the web.