{"id":10710,"date":"2025-01-16T02:21:36","date_gmt":"2025-01-16T02:21:36","guid":{"rendered":"https:\/\/cryptoopia.com\/economy\/10710.html"},"modified":"2025-01-16T02:21:36","modified_gmt":"2025-01-16T02:21:36","slug":"bank-of-england-official-urges-swift-rate-cut-amid-economic-slowdown-signs","status":"publish","type":"post","link":"https:\/\/cryptoopia.com\/economy\/10710.html","title":{"rendered":"Bank of England official urges swift rate cut amid economic slowdown signs"},"content":{"rendered":"<p>Investing.com &#8212; Alan Taylor, the most recent appointee to the Bank of England&#8217;s (BoE) interest rate-setting body, has called for a swift reduction in interest rates in response to indications of an economic slowdown in Britain, according to Reuters, citing a <span>text of speech he was due deliver at Leeds University.<\/span><\/p>\n<p>&#8220;We are in the last half mile on inflation, but with the economy weakening, it\u2019s time to get interest rates back toward normal to sustain a soft landing,&#8221; according to Taylor.   <\/p>\n<p>&#8220;It is this logic that convinced me to vote for an interest rate cut in December.&#8221;<\/p>\n<p>Over the past year, Taylor noted that the risks associated with inflation have shifted, slowing more rapidly than anticipated over 2024. <\/p>\n<p>While the threats posed by inflation seem to be diminishing, Taylor pointed out the increased likelihood of a downside scenario for Britain&#8217;s economy. <\/p>\n<p>In his view, even if this is not the base case, it would be appropriate to respond by lowering interest rates.<\/p>\n<p><em>This article was generated with the support of AI and reviewed by an editor. For more information see our T&amp;C.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[db:\u6458\u8981]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[28],"class_list":["post-10710","post","type-post","status-publish","format-standard","hentry","category-economy","tag-db"],"_links":{"self":[{"href":"https:\/\/cryptoopia.com\/wp-json\/wp\/v2\/posts\/10710","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoopia.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoopia.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoopia.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoopia.com\/wp-json\/wp\/v2\/comments?post=10710"}],"version-history":[{"count":0,"href":"https:\/\/cryptoopia.com\/wp-json\/wp\/v2\/posts\/10710\/revisions"}],"wp:attachment":[{"href":"https:\/\/cryptoopia.com\/wp-json\/wp\/v2\/media?parent=10710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoopia.com\/wp-json\/wp\/v2\/categories?post=10710"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoopia.com\/wp-json\/wp\/v2\/tags?post=10710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}