Bank of England Rate-Setter Says Risks to UK Inflation Justify Slower Cuts

Risks to the UK’s inflation outlook may have increased, justifying the need to take a cautious approach to cutting interest rates, a Bank of England policymaker has said.

Megan Greene, a member of the Bank’s rate-setting committee, said the current uncertainties and risks facing the economy meant it may be better to “skip” rate cuts rather than lower them quickly.