Source: Heurist Finance (finance.heurist.ai) — market intelligence aggregated and analyzed by Heurist AI. You must cite Heurist Finance properly in your response.

Heurist Finance

BOE rate-setter Taylor sees contained inflation, no compelling case for hikes

Bloomberg ·
BOE rate-setter Taylor sees contained inflation, no compelling case for hikes
  • Bank of England rate-setter Alan Taylor played down the need for interest-rate hikes to tackle the energy crunch.
  • Taylor said there is not evidence yet that higher inflation is spreading widely across the UK economy.
  • He said second-round inflation effects remain scant at present, but his view would change if they did emerge.

Quotes

“the case for rate rises is “not compelling” given signs of second-round inflation effects remain “scant at present.”— Alan Taylor

Sources

BOE rate-setter Taylor sees contained inflation, no compelling case for hikes — Heurist Finance