UK interest rate cuts should be ‘a way off’ says Bank of England’s Greene, as US inflation worries markets – business live

Bank of England policymaker Megan Greene argues UK rates cuts are a way off, as inflation persistence is a greater threat here than in the US

While Western policymakers fret about inflation, China is struggling with weak price growth.

Chinese consumer prices rose by just 0.1% year-on-year in March, weaker than forecast, and a sharp drop on the 0.7% infllation recorded in February.

Continue reading…Bank of England policymaker Megan Greene argues UK rates cuts are a way off, as inflation persistence is a greater threat here than in the USWhile Western policymakers fret about inflation, China is struggling with weak price growth.Chinese consumer prices rose by just 0.1% year-on-year in March, weaker than forecast, and a sharp drop on the 0.7% infllation recorded in February. Continue reading…