Bank of England Member Highlights Risks to UK Economic Growth
Megan Greene, a Bank of England member, noted that the UK faces both upside and downside risks to economic growth.
She emphasized the importance of a cautious and gradual approach in discussions about interest rate cuts.
Greene expressed caution about the recent inflation data, which showed a slowdown in inflation to 1.7% in September, below the 2% target.
She suggested that the decline in inflation might be influenced by fluctuations in the consumer price index components.
