LONDON, Sept 3 (Reuters) - Bank of England policymaker Alan Taylor said on Wednesday the British economy was getting closer to a "soft landing", but that monetary policy would need to be carefully assessed in the coming months as it was at a "fragile" moment.

"Despite being buffeted by new shocks, we are getting closer to that soft landing (for the UK economy) now, but we are also in a fragile moment, and monetary policy will need to be carefully calibrated in the coming months to keep us on track," Taylor said in his annual report to parliament's Treasury Select Committee.

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Last month the Monetary Policy Committee voted by a 5-4 margin to cut Bank Rate to 4% from 4.25% after an unprecedented two rounds of voting.

Taylor initially called for a bigger cut to 3.75% before changing his vote to ensure a majority for a cut to 4%.

"My main concern has been to get inflation sustainably back to the 2% target, maintaining monetary policy restrictiveness as long as necessary but no longer, whilst being alert to two dangers," he said in the annual report.

"The greater danger is that we get behind the curve, stay too tight in the short-term ... and thus ... end up in with the opposite problem: inflation actually undershooting the target and economic activity weak or in recession."

https://www.reuters.com/world/uk/boes-taylor-says-uk-economy-getting-closer-soft-landing-2025-09-03/