Published by Global Banking & Finance Review®
Posted on October 17, 2025
1 min readLast updated: January 21, 2026
Add as preferred source on GoogleMegan Greene of the BoE sees no need for ongoing rate cuts, aligning with recent UK unemployment data. She voted against the last rate cut.
WASHINGTON (Reuters) -Bank of England Monetary Policy Committee member Megan Greene said on Friday that she did not see a case for the BoE to continue its current quarterly pace of rate cuts but did not think the rate-cutting cycle was over.
Greene, speaking at an event hosted by the Atlantic Council think tank in Washington, said a rise in British unemployment reported on Tuesday was in line with her expectations, and reduced the chance of high inflation translating into a wage-price spiral.
Greene, an external member of the MPC, voted against the BoE's most recent rate cut in August.
(Reporting by David Milliken, Editing by Louise Heavens)
Monetary policy refers to the actions taken by a central bank to control the money supply and interest rates to achieve macroeconomic goals such as controlling inflation, consumption, growth, and liquidity.
Interest rates are the cost of borrowing money or the return on savings, expressed as a percentage. They are influenced by central bank policies and economic conditions.
Inflation is the rate at which the general level of prices for goods and services rises, eroding purchasing power. It is typically measured by the Consumer Price Index (CPI).
A central bank is a national institution that manages a country's currency, money supply, and interest rates. It oversees the banking system and implements monetary policy.
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