BoE’s Lombardelli: Caution remains appropriate

By: bitcoin ethereum news|2025/05/12 17:00:16
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Bank of England (BoE) Deputy Governor for Monetary Policy Clare Lombardelli said on Monday, “caution remains appropriate” on policy outlook. Additional quotes Evidence suggests that policy is still restrictive. Wage growth is still too high for on target inflation. Wages are my main focus when looking for disinflation. Further gradual disinflation progress and trade developments made 25 basis points (bps) rate cut appropriate. Market reaction The Pound Sterling sellers remain undeterred by these above comments, with GBP/USD losing 1% on the day to trade near 1.3170 as of writing. Source: https://www.fxstreet.com/news/boes-lombardelli-caution-remains-appropriate-202505120817

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