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Investing.com -- Bank of England policymaker, Megan Greene, expressed her concerns about weak growth and the potential impact of U.S. tariffs on the UK’s inflation during a discussion with the Atlantic Council think tank. The discussion took place on the sidelines of the International Monetary Fund’s spring meeting on Friday.
Greene said that the U.S. President Donald Trump’s tariffs are more likely to lead to lower inflation in Britain rather than higher. She expressed uncertainty about the final impact of these tariffs, stating, "We have tariffs, and none of us have any idea what they’ll look like when the dust finally settles."
She further added that the risk space has shifted slightly. She believes that the risk is now leaning towards the disinflationary side. In her view, the tariffs on the UK would, on balance, be more disinflationary than inflationary.
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