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

The Bank of England held interest rates at 4% earlier this month. Photograph: Tolga Akmen/EPA

The 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”.