Bank of England policymaker Martin Taylor said UK interest rates are too restrictive and indicated further rate hikes would be needed only in a worst-case scenario. The update suggests a relatively stable outlook for UK rates, easing market fears of additional tightening unless severe geopolitical tensions escalate and create renewed inflation risks. His comments continue to frame current policy as tight against a backdrop of economic weakness and concern that prolonged restrictiveness could weigh on recovery, inflation, and investment.