London: Bank of England (BoE) policymaker Megan Greene has signaled that interest rates in the UK are likely to decline further, although she cautioned that inflationary pressures may not ease as quickly as expected. Speaking at the Society of Professional Economists’ annual conference, Greene highlighted that while monetary policy remains restrictive, it is less stringent than before a factor that could influence inflation trends.

British consumer price inflation stood at 3.8% in August, significantly higher than the BoE’s 2% target, and the central bank anticipates it will peak at 4% in September. Greene expressed concern over the persistence of inflation, noting that the disinflationary process is still present but could slow.

Last month, Greene, along with most members of the BoE’s

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