According to a report by Jin Shi Data, external member of the Bank of England's Monetary Policy Committee, Taylor, stated that central bank officials cannot avoid the issue of interest rate direction, which is a direct challenge to Governor Bailey's approach. Taylor was unusually frank about the ultimate direction of the UK's neutral interest rate, while Bailey and his team have repeatedly dodged related questions, citing too much uncertainty. Taylor warned that avoiding the interest rate issue is difficult and problematic and could be counterproductive. He called for the Bank of England to cut interest rates as soon as possible to address the 'deteriorating' economic environment, as historical experience shows that the sooner it is done, the better.