Bank of England's Green: Despite short-term price pump, the anti-inflation process will continue to advance towards the 2% target.

Web3_Visionary · 2025-06-07T23:21:16+00:00

Bank of England monetary policy committee member Green stated at the economic conference that although consumer prices are rising in the short term, the anti-inflation process will continue, and the inflation rate is expected to fall to the 2% target in the medium term. She supported the interest rate cut of 25 basis points last month but prefers to keep borrowing costs unchanged.

Web3_Visionary

2025-06-07 23:21:16

Abstract generation in progress

Bank of England’s monetary policy commissioner Green, said at an economic conference on Saturday that the UK’s disinflation will continue despite the acceleration of consumer price growth in the short term. “The process of disinflation is still ongoing, although inflation has actually risen over the past few months, and we expect it to continue to rise in the third quarter of this year,” Green said. “Despite the short-term price peak, we expect inflation to continue to fall to our 2% target in the medium term,” Green said. "Green is seen as one of the most hawkish officials in the Bank of England. While she supports a 25 basis point cut in interest rates to 4.25% last month, she, like some other policymakers, prefers to keep borrowing costs unchanged.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

10 Likes