Bank of England Deputy Governor Clare Lombardelli has stressed the importance of gathering more evidence of easing price pressures before supporting another interest rate cut.
In an interview with the Financial Times, Lombardelli emphasized the need to closely monitor economic indicators to inform future monetary policy decisions.
She also expressed concerns about the potential impact of a global trade war on UK economic growth, particularly in light of US President-elect Donald Trump's threats to impose tariffs on goods from Canada, China, and Mexico, which could have significant consequences for international trade dynamics.