WASHINGTON (Reuters) -Bank of England Monetary Policy Committee member Megan Greene said on Friday that she did not see a case for the BoE to continue its current quarterly pace of rate cuts but did not think the rate-cutting cycle was over.
Greene, speaking at an event hosted by the Atlantic Council think tank in Washington, said a rise in British unemployment reported on Tuesday was in line with her expectations, and reduced the chance of high inflation translating into a wage-price spiral.
Greene, an external member of the MPC, voted against the BoE’s most recent rate cut in August.
(Reporting by David Milliken, Editing by Louise Heavens)
Comments