BoE's Vlieghe to vote for rate cut if data show weak economy- FT

Jan 12 (Reuters) - Bank of England policymaker Gertjan Vlieghe on Sunday suggested that he will vote for a cut in interest rates later this month, but his final decision will depend on the country's growth data.

"I really need to see an imminent and significant improvement in the UK data to justify waiting a little bit longer," Vlieghe, a member of the bank's Monetary Policy Committee, told https://www.ft.com/content/3d6fa65a-33b5-11ea-a329-0bcf87a328f2 the Financial Times.

Vliegh's comments come after policymaker Silvana Tenreyro on Friday inclined towards an interest rate cut in the coming months, adding to suggestions that the central bank is edging towards pumping more stimulus into the economy.

(Reporting by Shubham Kalia in Bengaluru; Editing by Christian Schmollinger)

Related Tags