Bank of England (BoE) policymaker Alan Taylor said in a summit at National University of Singapore that he expects interest rates to fall to their neutral levels soon.
I expect monetary policy to normalise at neutral sooner rather than later.
At-target inflation from mid-2026 is likely to be sustainable.
Market reaction
GBP/USD faces mild selling pressure after BoE Taylor’s comments, but is still 0.14% higher near 1.3440 as of writing.
Source: https://www.fxstreet.com/news/boes-taylor-expects-monetary-policy-to-normalize-soon-202601140818