UK inflation probably hit its highest level in 10 months in January, continuing a resurgence in price pressures that has made the Bank of England wary over rushing into interest-rate cuts.

Bank of England policymaker Megan Greene on Wednesday advocated a cautious approach to cutting interest rates, and said it was looking increasingly likely that policy would need keep leaning against persistent inflation pressure.

Supply constraints rather than soft demand caused recent weakness in the U.K. economy, suggesting to BOE member Megan Greene that borrowing costs will have to stay restrictive to tame inflation.