A customer buys produce from a market stall holder on a fruit and veg stand in Bromley in London on Jan. 15, 2025. Dan Kitwood/Getty Images
Risks to the UK’s inflation outlook may have increased, justifying the need to take a cautious approach to cutting interest rates, a Bank of England policymaker has said.
Megan Greene, a member of the Bank’s rate-setting committee, said the current uncertainties and risks facing the economy meant it may be better to “skip” rate cuts rather than lower them quickly.
