animated fan chart for gdp growth: may 2010 as a part of his march 2010 speech to the royal society,...

234
Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society , the Governor showed an animated version of the February 2010 inflation fan chart. This slideshow presents the equivalent animation for the May 2010 projection for GDP growth conditioned on market interest rate expectations and £200 billion of asset purchases. Press any key to begin the animation.

Upload: kian-lyndon

Post on 15-Dec-2015

213 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

Animated fan chart for GDP growth: May 2010

• As a part of his March 2010 speech to the Royal Society, the Governor showed an

animated version of the February 2010 inflation fan chart.

• This slideshow presents the equivalent animation for the May 2010 projection for

GDP growth conditioned on market interest rate expectations and £200 billion of

asset purchases.

• Press any key to begin the animation.

Page 2: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 3: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 4: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 5: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 6: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 7: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 8: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 9: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 10: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 11: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 12: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 13: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 14: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 15: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 16: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 17: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 18: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 19: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 20: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 21: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 22: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 23: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 24: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 25: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 26: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 27: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 28: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 29: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 30: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 31: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 32: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 33: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 34: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 35: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 36: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 37: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 38: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 39: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 40: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 41: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 42: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 43: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 44: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 45: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 46: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 47: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 48: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 49: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 50: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 51: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 52: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 53: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 54: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 55: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 56: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 57: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 58: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 59: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 60: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 61: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 62: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 63: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 64: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 65: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 66: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 67: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 68: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 69: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 70: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 71: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 72: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 73: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 74: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 75: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 76: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 77: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 78: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 79: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 80: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 81: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 82: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 83: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 84: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 85: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 86: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 87: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 88: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 89: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 90: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 91: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 92: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 93: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 94: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 95: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 96: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 97: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 98: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 99: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 100: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 101: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 102: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 103: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 104: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 105: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 106: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 107: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 108: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 109: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 110: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 111: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 112: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 113: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 114: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 115: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 116: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 117: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 118: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 119: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 120: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 121: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 122: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 123: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 124: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 125: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 126: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 127: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 128: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 129: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 130: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 131: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 132: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 133: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 134: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 135: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 136: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 137: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 138: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 139: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 140: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 141: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 142: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 143: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 144: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 145: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 146: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 147: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 148: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 149: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 150: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 151: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 152: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 153: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 154: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 155: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 156: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 157: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 158: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 159: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 160: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 161: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 162: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 163: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 164: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 165: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 166: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 167: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 168: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 169: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 170: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 171: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 172: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 173: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 174: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 175: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 176: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 177: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 178: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 179: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 180: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 181: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 182: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 183: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 184: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 185: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 186: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 187: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 188: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 189: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 190: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 191: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 192: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 193: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 194: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 195: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 196: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 197: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 198: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 199: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 200: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 201: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 202: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 203: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 204: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 205: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 206: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 207: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 208: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 209: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 210: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 211: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 212: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 213: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 214: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 215: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 216: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 217: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 218: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 219: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 220: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 221: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 222: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 223: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 224: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 225: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 226: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 227: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 228: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 229: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 230: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 231: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 232: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 233: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data

Page 234: Animated fan chart for GDP growth: May 2010 As a part of his March 2010 speech to the Royal Society, the Governor showed an animated version of the February

GDP projection based on market interest rate expectations and £200 billion asset purchases

2006 07 08 09 10 11 12 13

7

6

5

4

3

2

1

0

1

2

3

4

5

6

7

8Percentage increases in output on a year earlier

Bank estimates of past growth Projection

+

-

ONS data