BOE’s Taylor Warns of ‘Perilous’ Trade Threat After Urging Big Rate Cut

BOE’s Taylor Warns of ‘Perilous’ Trade Threat After Urging Big Rate Cut

Bank of England policymaker Alan Taylor said interest rates are still a “long way” from moving out of restrictive levels, warning of the “perilous” threat from Donald Trump’s trade war.

MPC’s Taylor backed half-point rate cut amid ‘perilous’ trade threat – Mortgage Strategy

Bank of England policymaker Alan Taylor said he voted for a larger half-point base rate cut last week because the UK faces a “perilous” threat from US President Donald Trump’s trade war. Taylor said global trade uncertainty and the possibility that cheap Chinese goods flood European markets after being redirected from the US may impact UK inflation. “The international dimension for me is quite perilous,” said the economist at a conference hosted…

BoE’s Taylor defends 50bps cut, cites perilous trade climate and weak demand - Action Forex

BoE MPC member Alan Taylor explained his decision to vote for a 50bps rate cut last week, warning that both global and domestic conditions have deteriorated significantly. He pointed to a “quite perilous” international trade environment, driven in large part by broader-than-expected US tariffs. Also, “the erosion of confidence that we saw has continued”, he […] The post BoE’s Taylor defends 50bps cut, cites perilous trade climate and weak demand…

BoE's Taylor: Tariff shock was bigger than anyone expected

Bank of England's external Monetary Policy Committee member Alan Taylor noted a prevailing sense of precaution and concern among firms, adding that the tariff shock had been larger than anticipated.

Taylor del Boe: the impact of tariffs was greater than what else expected - World Stock Market

The external member of the Monetary Policy Committee of the Bank of England, Alan Taylor, pointed out a predominant feeling of caution and concern among companies, adding that the tariff shock had been greater than anticipated. Key quotes The erosion of business confidence in the United Kingdom has continued in rec and PMI surveys. There is a sense of caution and concern. The tariff shock was greater than anyone expected. Although there are sig…