‘Rising’ Risk UK Economy Will Fall Into Negative Growth, Says Bank’s Taylor

‘Rising’ risk UK economy will fall into negative growth, says Bank’s Taylor

The rate-setter said he thinks the likelihood of a ‘soft landing’ following the recent uptick in inflation is now receding.

Bank of England Rate-Setter Sees Growing Hard-Landing Risk in UK

The British economy faces a growing risk of a hard-landing, Bank of England policymaker Alan Taylor said on Tuesday, reaffirming his calls to speed the pace of interest rate cuts.

Bank of England's Taylor: High rates could push UK into recession

The UK risks heading into a recession that will be “difficult to contain” if interest rates are kept on hold into next year, a Bank of England rate-setter has said in a speech that has further exposed widening splits between policymakers over the best path for borrowing costs. In a set of dovish comments made in Cambridge, external Monetary Policy Committee (MPC) member Alan Taylor claimed the upside risks to inflation remained low relative to t…

BoE’s Taylor sees mounting downside risks, says trade diversion aiding disinflation - Action Forex

BBoE MPC member Alan Taylor, one of the committee’s most dovish voices, warned that the U.K. economy faces a “preponderance of downside risks” as growth slows and labor market slack widens. In a speech today, he said output has fallen below potential, confidence among firms and households remains weak, and the trend of disinflation continues […] The post BoE’s Taylor sees mounting downside risks, says trade diversion aiding disinflation appeared…