BOE's Greene: A careful, gradual approach on rate cuts continues to be warranted ...Middle East

The risks remain two-sided but skewed to the downside on growth but upside on inflationNoisy data means that it will take longer for me to take comfort from disinflationary trendsGiven the recent period of elevated inflation, I think price stability is the key priorityWorried about near-term profile for inflation this yearIt now resembles more of a "plateau" than a "hump" in my viewThe risk is that it feeds through into second round effects, skewing risks to the upside

At least she is making it clear which side of the fence she is on. However, the rhetoric isn't anything new as it fits with what the majority on the committee seems to be leaning towards heading into the summer months.

This article was written by Justin Low at www.forexlive.com.

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