Higher tariffs, US policies may reduce UK growth, inflation: BOE
BOE deputy governor Clare Lombardelli warned that higher US tariffs and trade policy uncertainty could slow UK growth and raise inflation risks due to weaker global demand. While UK inflation pressures are easing, wage growth remains high. Lombardelli supported a recent rate cut to 4.25 per cent and noted the central bank is ready for stronger action if tariff impacts worsen.
BOE deputy governor Clare Lombardelli warned that higher US tariffs and trade policy uncertainty could slow UK growth and raise inflation risks due to weaker global demand.
While UK inflation pressures are easing, wage growth remains high.
Lombardelli supported a recent rate cut to 4.25 per cent and noted the central bank is ready for stronger action if tariff impacts worsen.
