BoE policymaker Megan Greene rules out recent rate hike
Greene said she did not consider a rate hike this month despite a surge in inflation expectations. She noted that labour market weakness may curb wage growth.
Xurve View
Insights:
Xurve View
Megan Greene, a member of the Bank of England's Monetary Policy Committee, stated on Wednesday that she was not on the verge of voting for an interest rate increase during this month's meeting. Despite the ongoing economic pressures stemming from geopolitical tensions in the Middle East, Greene maintained a cautious stance regarding the current monetary policy in the United Kingdom.
