Latest news with #rateSetter
Bloomberg
3 days ago
- Business
- Bloomberg
BOE Tests AI as a Tool for Forecasting Inflation, Greene Says
The Bank of England is experimenting with artificial intelligence to help forecast inflation and hone its communications, according to rate-setter Megan Greene. She said Thursday that staff were testing a number of use cases for the technology, from providing early warning signals of financial crises to analyzing the labor market.
Bloomberg
14-05-2025
- Business
- Bloomberg
BOE's Mann Says Market Moves Stopped Her Backing More Rate Cuts
Bank of England rate-setter Catherine Mann said she flipped her vote from a bumper interest-rate cut to a pause because sharp moves on markets had lowered borrowing costs and provided enough easing of financial conditions. Explaining the fluctuations in her position at recent BOE meetings, she pointed to changes in market pricing, 'resilient' jobs data and rising goods inflation.
