# BoE's Dhingra: If the US Dollar goes up, we have to worry about rate dynamics and UK inflation

> BoE MPC member Swati Dhingra said UK inflation could face pressure from US tariffs, though she sees the pass-through as small. She said dollar depreciation is unlikely to pressure UK import prices significantly, and that a sharp dollar rise would be a concern. Her vote for a 50bp cut was partly a signal on the economy.

- Date: 2025-05-19 · published 2025-05-19T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/24936-boe-s-dhingra-if-the-us-dollar-goes-up-we-have-to-worry-about-rate-dynamics-and
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Comments on currency pass-through and rate direction bear on sterling-dollar exchange rates, which set the sterling cost of dollar-priced feed ingredients.

## Read by commodity

- GBPUSD: neutral

## Sources

- fxstreet.com: https://www.fxstreet.com/news/boes-dhingra-if-the-us-dollar-goes-up-we-have-to-worry-about-rate-dynamics-and-uk-inflation-202505191900

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.