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Bank of England's Taylor warns rate hikes needed only in worst-case scenario
Bank of England MPC member Alan Taylor says rate hikes are only justified under worst-case Iran scenario, with the UK economy too weak for tighter policy at 3.75%.
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Timeline cronologica
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Bank of England's Taylor warns UK economy is weak, calls interest rates far too restrictive
BoE MPC member Alan Taylor warns the UK economy faces deficient demand, with the Bank Rate at 4.25% sitting roughly 100 basis points above his 2.75% neutral estimate.
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Bank of England's Taylor warns rate hikes needed only in worst-case scenario
Bank of England MPC member Alan Taylor says rate hikes are only justified under worst-case Iran scenario, with the UK economy too weak for tighter policy at 3.75%.