US EditionBank of England rate-setter says inflation not a ‘particularly British problem’
- A Bank of England policymaker, Swati Dhingra, stated that inflation is not unique to Britain and called for more interest rate cuts.
- Dhingra noted that food prices in the UK have risen faster than in the eurozone, but indicated this is due to global trends.
- She argued that the UK can afford to cut rates without harming economic growth or the inflation target.
- These views differ from MPC member Megan Greene, who warned of increased risks to the UK’s inflation outlook.
11 Articles
11 Articles
Evening Standard
Bank of England rate-setter says inflation not a ‘particularly British problem’
Swati Dhingra, a member of the Bank’s rate-setting committee, argued there was no need to be ‘overly cautious’ about lowering borrowing costs.
BOE's Dhingra Calls for More Cuts, Sees Inflation Spike Fading
(Bloomberg) — Bank of England policymaker Swati Dhingra called on colleagues to push ahead with more interest-rate cuts, predicting that a spike in inflation that has made the UK an international outlier once again will fade.
BOE’s Dhingra Calls for More Cuts, Sees Inflation Spike Fading
Bank of England policymaker Swati Dhingra called on colleagues to push ahead with more interest-rate cuts, predicting that a spike in inflation that has made the UK an international outlier once again will fade.
Dhingra urges quicker BoE rate cuts as inflation pressures ease
BANK OF ENGLAND Monetary Policy Committee (MPC) member Swati Dhingra said Britain’s high inflation is expected to ease and the central bank should move faster in reducing borrowing costs.“The effects of the shocks driving the UK’s current high inflation relative to Europe will fade, and thus, we should not be overly cautious about cutting interest rates,” Dhingra wrote in a column for The Times on Friday.Dhingra was one of two members of the nin…
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