BoE policymaker Megan Greene suggests delaying UK interest rate cuts due to inflation pressure, contrary to market expectations.
Bank of England (BoE) policymaker Megan Greene has stated that interest rate cuts in the UK should remain "a way off" due to persistent inflation pressure, which is still more of a threat than in the United States. Greene believes that markets are mistaken in their expectation that the British central bank will cut rates earlier and by more than the Federal Reserve. She argues that a later start to policy easing would be beneficial.
April 10, 2024
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