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Evening Standard

Anna Wise

Bank policymaker says faster US interest rate cuts could fuel UK inflation

Megan Greene United Kingdom Inflation United States Donald Trump US Federal Reserve Monetary Policy Interest Rates

Megan Greene said that as a small and open economy, prices in the UK are ‘likely to be influenced by price dynamics abroad’ (John Walton/PA) - (PA Wire)

A Bank of England policymaker has cautioned that faster interest rate cuts in the US could slow down the process in the UK, amid pressure from President Donald Trump for its central bank to reduce borrowing costs.

Megan Greene said the Bank may have to react to monetary policy decisions abroad if they fuel UK inflation.

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