www.bloomberg.com
Bank of England’s Megan Greene dampened optimism that upcoming energy bill cuts would significantly impact the central bank’s fight against persistent inflation. While acknowledging the positive effects, she implied these reductions alone wouldn’t be enough to overcome underlying inflationary pressures. This suggests Greene believes broader economic challenges are at play, requiring more substantial policy interventions beyond the energy sector. Her statement hints at a cautious approach towards interest rate adjustments, emphasizing the need to see more comprehensive progress on inflation before considering any loosening of monetary policy.
