Bank of England's Lombardelli says caution still needed over inflation risks

LONDON, May 12 (Reuters) - Bank of England Deputy Governor Clare Lombardelli said on Monday that there were signs that inflation pressures in Britain would continue to weaken but she was still cautious and was waiting for evidence of the slowdown.

"Caution remains appropriate. I’ll be more comfortable when I see material deceleration in the data over a longer period," Lombardelli said in a speech at King’s Business School.

She said she had initially been undecided about the need to cut interest rates this month before being persuaded by signs of progress on disinflation and the intensification of global trade tensions.

Last week, the BoE cut interest rates for the fourth time since last August as U.S. President Donald Trump's trade war loomed over the global economy.