Bank of England policymaker Swati Dhingra warned that delaying interest-rate cuts comes at a cost for living standards and could trigger a hard landing for the UK economy. Dhingra, the most dovish rate-setter at the BOE, said inflation is already on a “firm downward path” as she reiterated her case to begin loosening monetary policy. “The evidence to err on the side of overtightening is not compelling in my view as it often comes with hard landings and scarring of supply capacity that would weigh further on living standards,” she said in a speech at a Market News International connect event on Wednesday. Her remarks ... (full story)