Bank of England should not be ‘overly cautious’ on interest rate cuts, says policymaker

Rate-setter Swati Dhingra denies high inflation is a ‘particularly British problem’ and says short-term factors are to blameThe causes of the UK’s inflation spike will “fade” and policymakers should avoid being “overly cautious” about cutting interest rates, a Bank of England rate-setter has argued.Swati Dhingra, a trade expert and external member of the Bank’s monetary policy committee (MPC), rejected the idea that inflation is a “particularly British problem”. Continue reading...

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Brexit impact on UK economy ‘negative for foreseeable future,’ Bailey says

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