BOE’s Greene Seeks Cooler Price Pressures Before Rate Cut
- Too early to declare victory if CPI hits target, Greene says
- BOE’s Mann warns of threat from ‘wilder winds of inflation’
Megan Greene
Photographer: Hollie Adams/BloombergBank of England rate-setter Megan Greene said she needed to see more signs of persistent price pressures in the UK cooling before she can consider interest-rate cuts.
Greene pointed to evidence of UK wage growth and services inflation softening in a speech on Thursday but said their strength in Britain stands out when compared to international peers.