He was speaking at a press conference after the Bank of England cut its main interest rate by 0.25 percentage points to 4.25%
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Bank of England Governor Andrew Bailey said on Thursday interest rates were not on "auto-pilot" and cannot be, and the central bank must continue to respond carefully to the evolving economic circumstances and the outlook for inflation.
He was speaking at a press conference after the Bank of England cut its main interest rate by 0.25 percentage points to 4.25%.
(Reporting by David Milliken, William Schomberg and Suban Abdulla, writing by Sarah Young, editing by Catarina Demony)
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