Two Bank of England policymakers said the central bank should slow the pace of interest-rate cuts to prevent UK inflation from getting stuck above the 2% target.
In a speech in London Friday, Chief Economist Huw Pill said officials should take a more cautious approach and warned against cutting rates “too far or too fast.” Hours later in Washington, external member Megan Greene said a once-a-quarter easing pace is no longer appropriate as policy has become less restrictive.