Monetary Policy Commissioner Greene said that the UK economy is growing faster than expected and the job market is resilient, which proves that the Bank of England is not doing enough to curb inflation. The external member of the Monetary Policy Committee spoke at the Atlantic Council during the International Monetary Fund meeting in Bangkok. She said interest rates should be higher than the current level of 3.75%, and warned her colleagues not to expect the financial market to complete the tightening work on its own. Prior to this statement, the International Monetary Fund raised the UK's economic growth forecast for this year from 1% to 1.3%. “The GDP data we have obtained shows that the current policy austerity is not strong enough, and there is not much idle production capacity in the economy.” She said, “Some recent labor market data also shows that the idle scale of the labor market may have peaked, and the labor market is becoming relaxed.” Greene is one of the hawkish members within the committee. Over the past few months, she has voted to raise interest rates by 25 basis points to 4% to prevent a wage-price spiral, but in the nine-member monetary policy committee, her opinions are still in the minority.

Monetary Policy Commissioner Greene said that the UK economy is growing faster than expected and the job market is resilient, which proves that the Bank of England is not doing enough to curb inflation. The external member of the Monetary Policy Committee spoke at the Atlantic Council during the International Monetary Fund meeting in Bangkok. She said interest rates should be higher than the current level of 3.75%, and warned her colleagues not to expect the financial market to complete the tightening work on its own. Prior to this statement, the International Monetary Fund raised the UK's economic growth forecast for this year from 1% to 1.3%. “The GDP data we have obtained shows that the current policy austerity is not strong enough, and there is not much idle production capacity in the economy.” She said, “Some recent labor market data also shows that the idle scale of the labor market may have peaked, and the labor market is becoming relaxed.” Greene is one of the hawkish members within the committee. Over the past few months, she has voted to raise interest rates by 25 basis points to 4% to prevent a wage-price spiral, but in the nine-member monetary policy committee, her opinions are still in the minority.