JonathonGreene

Bank of England's Greene Advocates Ongoing Rate Restraint for Economic Stability

2 days ago

In a recent address, Bank of England (BoE) policymaker, Jonathon Greene, emphasized the necessity to maintain elevated interest rates to ensure that inflationary pressures in the United Kingdom are kept under control. His remarks come as the central bank navigates a complex economic landscape characterized by persistent inflation and uneven growth across various sectors.

Bank of England's Greene Signals Ongoing Economic Strain from High Mortgage Rates

4 months ago

In a recent statement, Jonathon Greene, the chief economist of the Bank of England (BoE), emphasized that the current high mortgage rates are expected to continue exerting downward pressure on the UK economy. Greene's comments come amid a backdrop of rising interest rates aimed at curbing inflation, which has reacted to external economic pressures and slowed growth within the housing market.