[Bank of England Member Taylor: Trump's Tariffs Prompt Exporting Countries to Seek Alternative Markets, Easing UK Inflation] Jin10 News, January 14 – Bank of England rate-setter Taylor stated that there are signs of 'significant trade divergence,' a factor that is driving down UK inflation, and as a result, interest rates are expected to return to neutral levels 'sooner rather than later.' Taylor mentioned that with wage growth cooling, inflation is expected to fall back to the Bank of England's 2% target by mid-2026 and remain stable thereafter. In a speech scheduled to be delivered in Singapore later on Wednesday, Taylor pointed out that Trump's tariff policies are reshaping global trade patterns, prompting exporting countries to seek alternative markets, thereby alleviating price pressures in the UK. He noted that this is one of the reasons behind his assessment that 'UK inflation trends will be lower than our current baseline forecast.'