BoE’s Greene: I voted to keep rate on hold as risk of inflation persistence is higher, and the risk of weak demand is lower

UK Economy Approaching Soft Landing but Still in Fragile State, Says BOE's Taylor BoE's Taylor: My main concern has been to get inflation sustainably back to the 2% target, maintaining monetary policy restrictiveness as long as necessary, but no longer - Annual Report. BoE's Taylor: Upside risk to inflation is smaller. BoE's Taylor: Greater danger is inflation undershooting goal.

BANK OF ENGLAND'S BAILEY: SITUATION WITH FED IS SERIOUS, I AM VERY CONCERNED BoE Gov. Bailey: Stability underpins the foundations of policy.

BoE's Lombardelli: I am not confident that there is currently a margin of slack in the economy. BoE's Lombardelli: I am less confident that the current policy stance, as embodied in the market curve, continues to be meaningfully restrictive. BoE's Lombardelli: Not predicting that we are already at neutral, but nor am I confident that if we reduce restrictiveness much further we will still be sufficiently restrictive to return inflation to target sustainably. BoE's Lombardelli: I judge that we should retain the space to cut further in the future if needed. If we cut too far or too fast, we may then have to change policy direction. BOE's Lombardelli Says Rate Hold Due to Concerns Over Persistent and Expected High Inflation and Supply-Demand Balance