Bank of England policymakers speak after rate cut, weaker growth forecast

From uk.finance.yahoo.com

The Bank of England cut interest rates on Thursday as it halved its growth outlook for this year and said a jump in inflation will prove temporary. Here's what Bank of England officials said in a press conference following that decision: Bank of England Governor Andrew Bailey On Inflation and future rate moves: "We expect to be able to cut bank rate further as the disinflation process continues, but we will have to judge meeting by meeting, how far and how fast." "The judgment we will have to make at our future meetings is whether underlying inflationary pressures in the UK economy are easing enough to allow further ... (full story)