A consumption-driven recovery in the UK could set off a renewed bout of inflation, but more interest rate cuts are likely as prices are “moving in the right direction,” Bank of England policymaker Megan Greene said.
Phil Aldrick is a senior economics reporter for Bloomberg News, specializing in UK economic news and analysis. With a focus on providing insightful and accurate reporting, Phil's articles cover a wide range of topics including economic growth, inflation, fiscal policies, and the impact on households and businesses. His work has also been featured in The Times.