Investing.com featured Luke Davis's comments in its September 25 report on European equities, easing oil prices and rising bond yields.
Luke argued for allowing sustained relief in energy costs time to feed through into prices. In his assessment, another rate increase needed a clear case that the existing policy setting would not bring underlying inflation down.
His contribution addressed the timing problem facing policymakers: market prices can adjust quickly, while their effect on the wider economy takes longer. The full report places that argument alongside the day's market developments.
