Historically low interest rates also have been blamed for enabling struggling companies to limp on without being forced to restructure.
Reassurances are needed now before decisions are made to relocate banking staff. This is all too important to ignore.
I think that the drawdown date of February 2018 will be extended. Why? Because we are not out of the woods yet and banks continue to need assistance.
With Brexit looming and the Chancellor’s position looking precarious, I can’t see that we are in for a barnstorming performance.
More interesting is what’s happening to house prices in the capital and why this remains a geographically discreet niche market.
CBI President Paul Dreschler has declared that the ‘soap opera’ of Brexit negotiations is doing serious damage to Britain’s economy. Know what? I wholeheartedly agree. What a mess.
If the bank keeps base rates on hold, it will face criticism from all quarters. But let’s be grown-up here.
The mood music in EC1 is that time is running out for Britain and the EU to agree a transitional deal.
Next month, we will see the first increase in the cost of borrowing in over nine years, notwithstanding any horrendous sets of economic data emerging in the next few weeks.
Worryingly, the UK’s productivity continues to lag behind all major trading partners.