Global Market: BoE's Megan Greene says UK interest rates may not be restrictive enough
Bank of England policymaker Megan Greene said the IMF’s upward revision to the UK’s economic growth forecast supports her view that monetary policy remains insufficiently restrictive. She warned that delaying interest rate hikes could prolong inflationary pressures, highlighting divisions among policymakers over balancing inflation control against economic growth and borrowing costs.
Key Takeaways
- Bank of England policymaker Megan Greene said the IMF’s upward revision to the UK’s economic growth forecast supports her view that monetary policy remains insufficiently restrictive.
- She warned that delaying interest rate hikes could prolong inflationary pressures, highlighting divisions among policymakers over balancing inflation control against economic growth and borrowing costs.
- Full details and original dispatch available below.
Bank of England policymaker Megan Greene said the IMF’s upward revision to the UK’s economic growth forecast supports her view that monetary policy remains insufficiently restrictive. She warned that delaying interest rate hikes could prolong inflationary pressures, highlighting divisions among policymakers over balancing inflation control against economic growth and borrowing costs.
Original Publisher Attribution
This summary was curated from Economic Times.