Bank of England should not be ‘overly cautious’ on interest rate cuts, says policymaker

Rate-setter Swati Dhingra denies high inflation is a particularly British problem' and says short-term factors are to blame

The causes of the UK's inflation spike will fade" and policymakers should avoid being overly cautious" about cutting interest rates, a Bank of England rate-setter has argued.

Swati Dhingra, a trade expert and external member of the Bank's monetary policy committee (MPC), rejected the idea that inflation is a particularly British problem".