[Bank of England MPC member Green: Taking Proactive Action to Control Inflation is a Better Option] November 14th, Jinshi Data – Bank of England Monetary Policy Committee member Green stated that taking proactive action to control inflation is a better option now than adopting a more cautious approach and risking a significant second-party effect. At the Bank of England's November monetary policy meeting, Green was among the majority of members who supported raising the benchmark interest rate from 3.75% to 4%. Previously, she had also belonged to the minority advocating for an earlier rate hike. Green stated, "When you have absolutely no idea where inflation is headed and face a lot of uncertainty, I think you need to adopt an attitude of: how can we minimize policy mistakes?" Green reiterated that given the uncertainty of the inflation outlook, the risk of the Bank of England over-raising interest rates and then cutting rates before a second-party effect occurs is lower than the risk of waiting too long to tighten monetary policy, leading to runaway inflation. She stated, "After inflation has been consistently above target for about five and a half years, the greater risk and the more serious policy mistake would be if we failed to effectively control inflation. Therefore, I believe that taking proactive action helps to minimize the extent of policy mistakes."