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"https://www.theguardian.com/business/2025/may/30/inflation-data-deter-rate-cuts-bank-policymaker-alan-taylor"
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"Inflation data shouldn’t deter us from rate cuts, says Bank policymaker"
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"Alan Taylor, a member of the Bank of England's interest rate-setting committee, believes that recent economic data is being led by one-off factors and that policymakers should not be distracted from cutting borrowing costs. He notes that higher inflation is largely due to one-time tax and administered price changes, and that the outlook is still uncertain due to global developments such as the US trade war."
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"content": "nostr:nprofile1qyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpqn5e52z27npk7mxhhynfx4rzmaczshltptse0chnknqdq38rjqz8q3cttcd\nhttps://i.guim.co.uk/img/media/8671cad4a8a53dc76a0038da03019506b234a1fe/562_309_3336_2671/master/3336.jpg?width=140\u0026quality=85\u0026auto=format\u0026fit=max\u0026s=10e248a00c641c6060c58a7fd39b628a\nAlan Taylor voted for a 0.5-point cut last month and feels recent economic figures are led by one-off factorsBusiness live – latest updatesA member of the Bank of England’s interest rate-setting committee has warned that higher-than-expected inflation and growth figures should not distract policymakers from continuing to cut borrowing costs.Alan Taylor, who was one of two monetary policy committee members to call for a bigger 0.5 percentage point cut last month, said that while he was not going to forecast his future votes, he felt that recent economic data was being led by one-off factors. Continue reading...\nhttps://www.theguardian.com/business/2025/may/30/inflation-data-deter-rate-cuts-bank-policymaker-alan-taylor",
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