A Bank of England policymaker has said interest rates should be cut three more times in 2025 as he cautioned the inflation outlook was at greater risk of being pushed “off track” amid global trade woes.
Alan Taylor, who is an external member of the Bank’s Monetary Policy Committee (MPC), said in a speech at the European Central Bank Forum (ECB) in Portugal that rates needed to come down at a faster pace, given the “deteriorating outlook”.
