BoE warns rapid Fed rate cuts could put 'upward pressure' on UK inflation

Wage growth ‘not target-consistent’

Michael Nelson
clock • 3 min read

A surprise loosening of US Federal Reserve monetary policy “is likely to put upward pressure on UK inflation”, according to Bank of England Monetary Policy Committee (MPC) member Megan Greene, days ahead of the US cohorts' first meeting of the year.

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