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Bank of England MPC Member Greene Unlikely to Support Rate Hike This Month
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Bank of England rate-setter Megan Greene stated on Wednesday that it is unlikely she will vote in favor of a rate hike at this month's Monetary Policy Committee meeting, which is influenced by the Middle East conflict. Greene noted that while rising inflation expectations do indeed increase the risk to the price stability target, it does not necessarily translate into significant wage increases, as the labor market is weaker compared to the last major inflation spike in 2022. Greene voted against the Bank of England's last two rate cuts in December and August of last year and has previously expressed concerns about the persistence of inflation rates above the target in the UK. (to/s) Auto-translated by third-party software This translation was auto-generated by third-party software. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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