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BoE’s Taylor Casts Doubt on Practicality of Single Rate Hike

Taylor said higher energy costs have not yet spread through the wider economy, making a single rate increase hard to justify.

Summary by WTVB
LONDON, Sept 29 (Reuters) - Bank of England policymaker Alan Taylor said on Tuesday it ​was unclear that it ‌would be practical for the BoE to do a single rate hike to tame inflation without fuelling ‌unwarranted ​market speculation of ⁠further increas...

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Bank of England's Taylor says case for rate hike 'not compelling'

·London, United Kingdom
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Evening StandardEvening Standard
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Bank of England policymaker says raising interest rates ‘not compelling’

Alan Taylor, a member of the MPC, played down the need for pushing up borrowing costs.

·London, United Kingdom
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BizToc broke the news on Tuesday, September 29, 2026.
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