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MNI BRIEF: BOE Needs Gradual, Steady-As-She-Goes Easing-Greene

BOE MPC member lays out preference for gradual easing.

MNI (LONDON) - The Bank of England should take a "gradual" approach to removing monetary policy restrictiveness, Monetary Policy Committee member Megan Greene said on Wednesday.

Speaking in Newcastle, Greene said this approach "motivated [her] most recent vote to hold Bank Rate at 5% in September, after we cut it by 25 basis points in August."

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MNI (LONDON) - The Bank of England should take a "gradual" approach to removing monetary policy restrictiveness, Monetary Policy Committee member Megan Greene said on Wednesday.

Speaking in Newcastle, Greene said this approach "motivated [her] most recent vote to hold Bank Rate at 5% in September, after we cut it by 25 basis points in August."

Keep reading...Show less