BOE’s Greene Warns Against Early Interest Rate Cuts in UK
- Remarks in FT push back against market bets on loosening
- Britain has a greater risk of persistent inflation than US
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Bank of England policy maker Megan Greene said interest rate cuts “should still be a way off” in the UK, helping to fuel a shift in markets away from anticipating a sharp drop in borrowing costs.
The remarks in the Financial Times signal that Greene is tilted toward the hawkish side of the BOE’s nine-member Monetary Policy Committee. She warned that Britain can’t yet declare victory in reining in inflation even though those forces have receded in recent months.