BoE Rate Setter Urges Rate Cuts

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Bank Rate

Reuters

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Bank of England's Taylor says it's time to cut interest rates

Summary

Nutrition label

83% Informative

Alan Taylor , the BoE 's most recently appointed interest rate setter, says interest rates should be brought down.

Taylor : "We are in the last half mile on inflation, but with the economy weakening, it’s time to get interest rates back toward normal to sustain a soft landing" The BoE has reduced its benchmark Bank Rate twice since August .

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful