Finance
BoE's Breeden saw case for May rate cut even without trade turmoil
Published by Global Banking & Finance Review®
Posted on June 3, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on June 3, 2025
1 min readLast updated: January 23, 2026
BoE's Sarah Breeden advocated for a May rate cut due to domestic disinflation, independent of trade policy uncertainty, as discussed with the Treasury Committee.
(Reuters) -Bank of England Deputy Governor Sarah Breeden said on Tuesday that she saw a case for cutting interest rates last month even without the impact of trade policy uncertainty on the global economy.
"I thought that there was a case for a cut in Bank Rate, even absent the international developments, because I judged that domestic disinflationary process that we've all talked about was progressing as I expected, and I thought it would continue," Breeden told parliament's Treasury Committee.
(Reporting by David Milliken and Suban Abdulla, additional reporting by Muvija M; writing by Andy Bruce; editing by William James)
Sarah Breeden indicated that there was a case for cutting interest rates last month, even without the influence of trade policy uncertainty.
Breeden judged that the domestic disinflationary process was progressing, which contributed to her view on the need for a rate cut.
The article was reported by David Milliken and Suban Abdulla, with additional reporting by Muvija M.
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