BoE's Breeden saw case for May rate cut even without trade turmoil
BoE's Breeden saw case for May rate cut even without trade turmoil
Published by Global Banking and Finance Review
Posted on June 3, 2025
Published by Global Banking and Finance Review
Posted on June 3, 2025
(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)
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