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Financial Times — World — Monetary Policy — Uk Interest Rates — Monetary Policy Committee Uk — Swati Dhingra

Bank of England member makes case for holding interest rate at 4%

Swati Dhingra, one of the external members of the Bank of England’s Monetary Policy Committee, made the case on Wednesday for holding UK interest rates at 4%. Andrew Bailey, BoE governor, has cautioned against suggesting either that we are done with increasing bank rate, or that we will inevitably n

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  • Swati Dhingra, one of the external members of the Bank of England’s Monetary Policy Committee, made the case on Wednesday for holding UK interest rates at 4%.
  • The vast majority of inflation had been caused by higher energy and import prices.
  • Weak consumption suggests inflation will soon fall sustainably.
  • Dhingra has been one of the more dovish members of the MPC since coming on to the interest rate-setting committee in September last year.
  • Andrew Bailey, BoE governor, has cautioned against suggesting either that we are done with increasing bank rate, or that we will inevitably need to do more.
Bank of England member makes case for holding interest rate at 4%
Majority of inflation has been caused by higher energy and import prices, says Swati Dhingra
Financial TimesChris Giles

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