BoE officials hint at willingness to cut rates

Carney, Saunders and Vlieghe all signal cut may be needed, as UK growth and inflation disappoint

Bank of England
Photo: Juno Snowdon Photography

UK policy-makers are laying the ground for a possible interest rate cut, which could come as soon as January 30.

Bank of England governor Mark Carney and monetary policy committee members Michael Saunders and Gertjan Vlieghe have all indicated degrees of willingness to cut rates.

The case for a cut has been strengthened by a run of weak data. The latest inflation figures, published today (January 15), showed headline CPI slipping to 1.3% in December, down from 1.5% in November.

Early

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.