U.K. Inflation, Rather Than Tariffs, Is Key Driver of Monetary Policy: BOE's Lombardelli -- Market Talk
Dow Jones
May 12, 2025
0944 GMT - U.K. inflation data is the dominant factor in U.K. monetary policy decisions rather than tariff concerns, Bank of England's Clare Lombardelli says at the Bank of England Watchers Conference. Tariffs are less of a concern as they should have minimal direct impact on the U.K. economy, leaving the focus on inflation. Services and wage data shows inflation is gradually falling but remains above target and needs to be continuously monitored, she says. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
May 12, 2025 05:44 ET (09:44 GMT)
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