Bank of England Deputy Governor Clare Lombardelli emphasized the need for more evidence of declining price pressures before supporting another interest rate cut. In a recent interview, she also highlighted concerns about potential threats to UK growth from a global trade war, particularly in light of US President-elect Donald Trump's tariff threats against Canada, China, and Mexico.
Bank of England Deputy Governor Clare Lombardelli expressed concerns about the potential for inflation to exceed the central bank's forecasts. She advocated for a cautious approach to interest rate reductions, emphasizing the need for gradual adjustments.
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