Bank of England policymaker says rate rise not compelling

Summarised from 3 outlets · 5 reports · Updated 30 Sept, 07:57 · Archive

Alan Taylor, a Bank of England monetary policymaker, says raising interest rates is not compelling.

Alan Taylor, an external member of the Bank of England's Monetary Policy Committee, has said the case for raising interest rates is not compelling. He has downplayed the need for rate increases, saying he sees no evidence that price rises from energy cost jumps are filtering into the wider economy.

How it is being reported

• Bank of England’s Taylor: No need for interest rate hikeBank of England official Alan Taylor has downplayed the need to raise interest rates in the face of the looming energy crisis, saying he saw no evidence that price rises from an initial jump in fuel costs were filtering into the wider economy. External Monetary Policy Committee member said the case for rate hikes was [...]City AM · 30 Sept, 05:00
• Bank of England policymaker says raising interest rates ‘not compelling’Alan Taylor, a member of the MPC, played down the need for pushing up borrowing costs.Evening Standard · 29 Sept, 18:20
• Bank of England policymaker says raising interest rates ‘not compelling’Alan Taylor, a member of the MPC, played down the need for pushing up borrowing costs.Independent Business · 29 Sept, 18:20
• Bank of England policymaker says raising interest rates ‘not compelling’Alan Taylor, a member of the MPC, played down the need for pushing up borrowing costs.Evening Standard · 29 Sept, 17:37
• Bank of England policymaker says raising interest rates ‘not compelling’Alan Taylor, a member of the MPC, played down the need for pushing up borrowing costs.Independent Business · 29 Sept, 17:37

In this story: Alan Taylor · Bank of England · Monetary Policy Committee

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