BOE’s Megan Greene Says UK Interest Rates Cuts ‘Not Imminent’
- Remarks at event in Washington highlight concerns on inflation
- Investors have scaled back expectations for sharp rate cuts
Megan Greene
Photographer: Julia Nikhinson/BloombergThis article is for subscribers only.
Bank of England policymaker Megan Greene said the UK faces difficult trade-offs over whether to cut interest rates because underlying inflation remains high and growth is weak.
Speaking at an Atlantic Council event on the sidelines of the International Monetary Fund’s meeting in Washington, Greene said rate cuts were not imminent and the combination of high inflation and weak growth means “we are sort of in trade-off territory.”