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Bank of England Warns of Bumpy Economic Road Ahead

10/15/2025

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Summary

Story summary

Alan Taylor, Bank of England policymaker, warned of a rising risk of a bumpy UK economy.
In a King's College speech, Taylor said inflation could fall below the central bank's 2% target by late 2026, partly due to U.S. tariffs.
Taylor expressed concerns that the Bank may have raised interest rates too aggressively, which could hinder the economic recovery.
He emphasized that weak domestic demand could exacerbate the downturn.

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Story summary

Alan Taylor, Bank of England policymaker, warned of a rising risk of a bumpy UK economy.
In a King's College speech, Taylor said inflation could fall below the central bank's 2% target by late 2026, partly due to U.S. tariffs.
Taylor expressed concerns that the Bank may have raised interest rates too aggressively, which could hinder the economic recovery.
He emphasized that weak domestic demand could exacerbate the downturn.