BoE Lombardelli - need more evidence of cooling price pressures before another rate cutEarlier on this is here:
Speaking in an interview with the Financial Times. The FT is gated, but Bloomberg have a further rundown.
In brief:
- Lombardelli said she needs to see more evidence of cooling price pressures before she backs another interest rate cut.
- reiterated the BOE's messaging for a "gradual" easing in policy:
- "It depends on what we see in the data,"
- "For me, gradual means we will need to see more evidence on this disinflation process continuing before we can continue to ease policy."
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The Bank's Monetary Policy Committee lowered rates earlier this month, to 4.75%
This article was written by Eamonn Sheridan at www.forexlive.com.
Source: BoE Lombardelli - need more evidence of cooling price pressures before another rate cut (https://www.forexlive.com/centralbank/boe-lombardelli-need-more-evidence-of-cooling-price-pressures-before-another-rate-cut-20241126/)
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