ChainCatcher news, Raymond James investment services strategist Bartston-Karl stated that although the Bank of England may wish to view the rise in inflation as a temporary phenomenon, the data from January shows that the inflation rate has risen to 3.0%, indicating that a further reduction in the benchmark interest rate may take some time.The key question facing the central bank's monetary policy committee is how long these price pressures will last. The Bank of England voted unanimously to cut interest rates two weeks ago, but since then its chief economist Pill has been warning against rushing into rate cuts despite weak economic activity. "Today's data proves that the Bank of England's firm commitment to gradually easing policy is the right approach."

ChainCatcher news, some senior officials of the Federal Reserve have expressed concerns that inflation has not yet been defeated. Federal Reserve Governor Bowman explained in a statement that such a dramatic first rate cut could unnecessarily restore inflationary pressures. It is reported that Bowman was the only Federal Reserve governor to vote against the rate cut last week. As of Tuesday, inflation swaps and U.S. Treasury Inflation-Protected Securities both suggest that inflation may linger above the Federal Reserve's 2% target in the coming years, even if only moderately.