WASHINGTON (Reuters) -Bank of England Monetary Policy Committee member Megan Greene said on Friday that she did not see a case for the BoE to continue its current quarterly pace of rate cuts but did
Bank of England's Greene Indicates No Need for Ongoing Rate Cuts
Megan Greene's Perspective on Rate Cuts
WASHINGTON (Reuters) -Bank of England Monetary Policy Committee member Megan Greene said on Friday that she did not see a case for the BoE to continue its current quarterly pace of rate cuts but did not think the rate-cutting cycle was over.
Current Economic Conditions
Greene, speaking at an event hosted by the Atlantic Council think tank in Washington, said a rise in British unemployment reported on Tuesday was in line with her expectations, and reduced the chance of high inflation translating into a wage-price spiral.
Recent Voting Decisions
Greene, an external member of the MPC, voted against the BoE's most recent rate cut in August.
Impact of Unemployment Data
(Reporting by David Milliken, Editing by Louise Heavens)
