Bank of England (BoE) policymaker Alan Taylor said in a summit at National University of Singapore that he expects interest rates to fall to their neutral levels soon.
I expect monetary policy to normalise at neutral sooner rather than later.
At-target inflation from mid-2026 is likely to be sustainable.
Market reaction
GBP/USD faces mild selling pressure after BoE Taylor’s comments, but is still 0.14% higher near 1.3440 as of writing.
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