West Europe
United Kingdom· FromeBank of England's Greene warns on inflation and current policy
Bank of England MPC member Megan Greene expresses concerns about potential second-round inflation effects if the central bank delays action, noting current monetary policy remains accommodative.
Background
The UK has faced persistent inflation, impacting living costs and economic stability. The Bank of England is responsible for maintaining price stability through monetary policy, with its Monetary Policy Committee (MPC) regularly assessing economic conditions and interest rates. Debates often arise within the MPC regarding the appropriate timing and extent of policy interventions.
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Bank of England's Greene warns on inflation, current policy
First report 2h agoLast update 2h agoMegan Greene of the BoE warns that delayed action could lead to second-round inflation effects, despite the current monetary policy being accommodative.
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