BOE: Taylor interview in the Yorkshire Post - not much new
Note that headline from Bloomberg re the preemptive cuts headline, is a quote of the speech he gave the other day.
- He does give an interview, but that bit in particular is NOT something new he's said (not just echoing the speech, the Yorkshire Post is QUOTING the speech).
- These are the main bits that are new:
"The cases I presented (in the speech) reflect uncertainty,’’ he added. “We could have potentially unfavourable developments; if there were to be, for example, a big energy shock, or even a small one that would represent a setback. We could also have developments that bring inflation down more rapidly; some of those include the negative shocks to demand, which we have seen recently.
"But there are other things that are potentially coming out of left field in a global environment, such as trade policy and geopolitics, which are very unpredictable. The key thing I'm trying to communicate in the speech is that there is a lot of uncertainty. The drift in the data recently has been more to the pessimistic side and we need to be very alert to directional risk both ways.”