According to Jinshi, Bank of England Monetary Policy Committee member Green said that the Bank of England should consider cutting interest rates after there is more solid evidence that strong inflationary pressures are becoming less stubborn. Green believes that the extent of inflation relief is more uncertain than the impact of the Bank of England's high interest rates on the economy. She stressed that the continued weakening of inflation is a key factor in deciding when to relax policy. Last week, Green voted with the majority of the Bank of England's Monetary Policy Committee to maintain the bank rate at 5.25%, although two members supported a rate cut. She said in April this year that due to persistent inflationary pressures, the UK's interest rate cut "still has a way to go."
