UK markets closed
  • FTSE 100

    7,018.60
    -140.92 (-1.97%)
     
  • FTSE 250

    17,972.69
    -359.00 (-1.96%)
     
  • AIM

    833.59
    -13.83 (-1.63%)
     
  • GBP/EUR

    1.1189
    -0.0251 (-2.19%)
     
  • GBP/USD

    1.0857
    -0.0398 (-3.54%)
     
  • BTC-GBP

    17,396.53
    -273.61 (-1.55%)
     
  • CMC Crypto 200

    434.61
    -9.92 (-2.23%)
     
  • S&P 500

    3,693.23
    -64.76 (-1.72%)
     
  • DOW

    29,590.41
    -486.27 (-1.62%)
     
  • CRUDE OIL

    79.43
    -4.06 (-4.86%)
     
  • GOLD FUTURES

    1,651.70
    -29.40 (-1.75%)
     
  • NIKKEI 225

    27,153.83
    -159.30 (-0.58%)
     
  • HANG SENG

    17,933.27
    -214.68 (-1.18%)
     
  • DAX

    12,284.19
    -247.44 (-1.97%)
     
  • CAC 40

    5,783.41
    -135.09 (-2.28%)
     

BoE's Tenreyro considers further tightening until data show impact

FILE PHOTO: General view of the Bank of England in London

LONDON (Reuters) - Bank of England rate-setter Silvana Tenreyro said on Wednesday that she will consider further votes to increase interest rates until the data shows they are having an impact on inflation.

"Given the uncertainty, my strategy will be to consider further tightening until we see firmer evidence (that we are progressing on inflation)" Tenreyro told lawmakers.

She said high uncertainty argued for a gradual approach to raising rates that would reduce the risk of over-tightening when the economy slows.

(Reporting by UK bureau, writing by Andy Bruce; editing by William James)