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BoE Policymaker Taylor Says No Rate Hike Unless Worst-Case Inflation Scenario Materializes

GateNews

2026-05-21 13:25:31

Bank of England policymaker Alan Taylor said the central bank should not raise rates unless inflation and energy prices follow the institution's most pessimistic forecast. Without concerning signs that the Iran conflict triggers second-round effects, "holding steady for longer" would suffice to counter inflation pressures, Taylor noted. The UK economy remains weak amid inflationary supply shocks, and the central bank should avoid overreacting given already-restrictive financial conditions.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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