BoE’s Dhingra: Demand is too soft for inflation to rise sharply

Bank of England Monetary Policy Committee member Swati Dhingra said on Monday that inflation in the United Kingdom was unlikely to rise sharply again and the UK central bank should bring down borrowing costs.

Key quotes

Now is the time to start normalising (interest rates) so we can then finally stop squeezing living standards the way we have been to try and get inflation down.