www.bloomberg.com
Megan Greene, a Bank of England policymaker, warned that anticipated interest rate cuts by the US Federal Reserve could complicate the UK’s inflation outlook. She explained that lower US rates might weaken the dollar and boost global demand, potentially driving up import prices and inflation in Britain. Consequently, Greene suggested the Bank of England would likely need to pause or slow its own policy easing (rate cuts) to counteract these inflationary pressures, prioritizing price stability despite a looser stance from the US.
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