On Tuesday, Megan Greene, one of the Bank of England’s most hawkish policymakers, said that while President Donald Trump’s wave of global tariffs is likely to raise prices in the US, the effect in the UK could be the opposite. “I think that the tariffs actually represent more of a disinflationary risk than an inflationary risk,” she says.

On this week’s In The City, host Francine Lacqua sits down with Bloomberg UK economy reporter Tom Rees to break down Greene’s comments. They explore how US tariffs could create disinflationary pressure in the UK through trade diversion, and what that means for the BOE's outlook—including the likelihood of aggressive rate cuts and the use of quantitative easing.

On Tuesday, Megan Greene, one of the Bank of England&rsquo;s most hawkish policymakers, said that while President Donald Trump&rsquo;s wave of global tariffs is likely to raise prices in the US, the effect in the UK could be the opposite. &ldquo;I think that the tariffs actually represent more of a disinflationary risk than an inflationary risk,&rdquo; she says.
On this week&rsquo;s In The City, host Francine Lacqua sits down with Bloomberg UK economy reporter Tom Rees to break down Greene&rsquo;s comments. They explore how US tariffs could create disinflationary pressure in the UK through trade diversion, and what that means for the BOE's outlook&mdash;including the likelihood of aggressive rate cuts and the use of quantitative easing.

Get ahead of the trends and conversations that are shaping the City of London. Join Bloomberg's Francine Lacqua, Allegra Stratton and Dave Merritt every Thursday as they uncover the best stories and speak to the people in the know. 

Get ahead of the trends and conversations that are shaping the City of London. Join Bloomberg's Francine Lacqua, Allegra Stratton and Dave Merritt every Thursday as they uncover the best stories and speak to the people in the know.

Every week, Francine Lacqua and David Merritt go behind the scenes in the City of London, uncovering stories and speaking to the people that matter.

In the City

Get ahead of the trends and conversations that are shaping the City of London. Join Bloomberg's Francine Lacqua, Allegra Stratton and David Merritt every Thursday as they uncover the best stories and speak to the people in the know. 

Get ahead of the trends and conversations that are shaping the City of London. Join Bloomberg's Francine Lacqua, Allegra Stratton and David Merritt every Thursday as they uncover the best stories and speak to the people in the know.

In The City

The Risk US Tariffs Pose to the UK Economy

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