George hints at differences with Clarke
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Eddie George, Governor of the Bank of England, last night hinted that he had disagreed with the Chancellor of the Exchequer's decision to cut interest rates for a second time last month. But the Governor played down the split, saying their differences were technical. Speaking on the eve of the publication of the Bank of England's quarterly Inflation Report, Mr George said short-term price pressures were "entirely benign" but might strengthen later in the year.
He would not give full details of his discussion with Mr Clarke in January, but said: "To the extent that we took different views, it would have been about a narrow, a very narrow point." His remarks appeared to confirm City speculation of a disagreement at the meeting, inferred from the Bank's silence afterwards. The Governor had publicly endorsed the December rate cut.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments