Alan Taylor suggests central bank may have to reduce borrowing costs five or six times this year

Financial Times

London

Greater London

England

United Kingdom

BoE official warns of need for multiple interest rate cuts to support economy

The disappointing retail data adds to the dim economic picture in the U.K. and to the challenges facing Finance Minister Rachel Reeves.

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CNBC

Roberts family

United States

Traders bet on more Bank of England rate cuts in 2025 after data shocks

Alan Taylor, a member of the Bank's monetary policy committee, said the UK is 'in the last half mile on inflation'

Manchester Evening News

Reach plc

Manchester

Greater Manchester

Bank of England urged to cut rates 'pre-emptively' as next decision 'certain'

Alan Taylor, the most recently appointed member of the Bank’s monetary policy committee (MPC) said the UK is ‘in the last half mile on inflation’.

Evening Standard

Evgeny Lebedev

Alfred Harmsworth (barrister)

Geraldine Mary Harmsworth

Patricia Harmsworth, Viscountess Rothermere

Carron Greig

Bank of England should cut rates pre-emptively, says committee member

The pound fell after data showed the UK economy grew less than economists forecast in November, underscoring the need for further interest-rate cuts to boost activity.

Bloomberg

Michael Bloomberg

The Vanguard Group

Howard Buffett

BlackRock

Pound Falls as Weak UK Growth Underscores Need for Rate Cuts

Alan Taylor, an external member of the Bank's Monetary Policy Committee (MPC), said a series of radical cuts could be on the agenda

TeessideLive

Middlesbrough

Bank of England interest rates warning issued over need for cuts

Nikkei Inc.

By Andy Bruce LEEDS, England (Reuters) -The Bank of England should move quickly to bring down interest rates given signs of a slowdown in Britain’s economy, Alan Taylor, the BoE’s most recently appointed interest rate setter, said on Wednesday. Taylor, an economics professor, voted to cut rates in November – when Bank Rate was cut to its current level of 4.75% – and again in December when the Monetary Policy Committee majority left it unchanged.…

Blue Water Healthy Living

Port Huron

St. Clair County

Michigan

Bank of England's Taylor says it's time to cut interest rates - Blue Water Healthy Living

The Bank of England base rate ought to be cut by 1.25% or 1.5% by the end of the year, according to one Monetary Policy Committee member.

Your Money

Base rate cuts should be ‘accelerated’ to 3.25%, says BoE official

The Bank of England (BoE) policymaker Alan Taylor said on Wednesday that the BoE should move quickly to cut interest rates “pre-emptively” as the UK is “in the last half mile on inflation.” Key quotes "Right now, I think it makes sense to cut rates pre-emptively to take out a little insurance against this change in the balance of risks, given that our policy rate is still far above neutral and would still remain very restrictive.” "We are in the…

FXStreet

BoE’s Taylor: Central bank should cut rates pre-emptively

Alan Taylor, the most recently appointed member of the Bank’s monetary policy committee (MPC) said the UK is ‘in the last half mile on inflation’. The Bank of England should move quickly to cut interest rates “pre-emptively”, according to rate-setter Alan Taylor. Mr Taylor, the most recently appointed member of the Bank’s monetary policy committee (MPC) said the UK is “in the last half mile on inflation”. It came after the Office for National St…

BoE official warns of need for multiple interest rate cuts to support economy

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