BoE Lombardelli - need more evidence of cooling price pressures before another rate cut

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BoE Lombardelli  - need more evidence of cooling price pressures before another rate cut

Earlier on this is here:

• Bank of England Lombardelli says too early to quantify effects of proposed tariffs

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."

***

The Bank's Monetary Policy Committee lowered rates earlier this month, to 4.75%

• second cut this year

                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

forexlive.com