- Disinflation process in underway.
- Some slack opened up in the labour market.
- Risks to UK productivity are to the downside.
- FX rates could be disinflationary if the trend persists.
- On net, I think tariffs will be disinflationary for the UK, this was a factor in my rate decision.
- I came into this decision quite torn about whether to cut.
- I wouldn't change my decision after this morning's US-China news.
- We don't yet have much clarity on EU tariffs, which are important for UK demand.
- We are focused more on domestic factors rather than trade.
After the US-China news, the policymakers will start to adjust their views and look at the more hawkish scenario.
BoE's Greene
