MPC hawk Megan Greene softens her stance in latest speech
One of the Monetary Policy Committee's more hawkish members, Megan Greene, released a speech this morning. She continues to retain her base case that inflation remains a risk if rates are cut too soon due to elevated wage pressures, and believes in a more “gradual approach" to cutting interest rates. However, there has been some easing in her tone, as she now places a greater probability on the economy weakening. Newspage asked financial services experts for their views on the speech and if it increases the chance of a rate cut in November. Their views are below.