A Bank of England Monetary Policy Committee (MPC) member has said he would be prepared to vote for an interest rate cut should there be no improvement in economic data since the general election, the Financial Times has reported.
Policymaker Gertjan Vlieghe told the FT: "I really need to see an imminent and significant improvement in the UK data to justify waiting a little bit longer."
According to the FT, he said: "If you knew nothing about Brexit… and just looked at the UK data, you could reasonably make the case we should have cut rates already."
Vlieghe joins MPC member Silvana Tenreyo who also spoke about the prospect of voting to lower the Bank's central rate at a Resolution Foundation conference on Friday (10 January).
The BBC reported that Tenreyo said: "If uncertainty over the future trading arrangement or subdued global growth continue to weigh on demand, then my inclination is towards voting for a cut in Bank rate in the near term."
At the last MPC meeting in December, the MPC voted by a majority of 7-2 to maintain the Bank rate at 0.75%, and also voted unanimously to maintain the stock of corporate bond purchases and UK government bond purchases.
This means that two policymakers, Jonathan Haskell and Michael Saunders, have previously voted to cut interest rates.
The next meeting is due to take place on 30 January.