A pause in wage growth and further decreases in commodity prices made the need for tighter policy "slightly less immediate," Bank of England policymaker Martin Weale said in an interview with the Daily Telegraph.
"The factors pushing down on inflation have become a bit more prolonged," Weale said.
"I initially thought that the weak wage growth was a wobble that represented stray numbers that you get once or twice from time to time. There has plainly been something more to it than that," he said.
The bank expects inflation to remain below 1 percent until the second half of next year.
The interest rate has been kept at the current record low 0.50 percent since early 2009. Ian McCafferty has been the sole dissenter since August, seeking a 25 basis points rate hike.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.