BOE’s Breeden Signals She’s Likely to Wait Before Cutting Rates
- Deputy governor needs more evidence of receding price pressure
- UK economy may be stronger than thought as demand holds up
Sarah Breeden
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Bank of England Deputy Governor Sarah Breeden said she’s growing increasingly confident about the strength of the UK economy but needs to see more evidence inflation is receding before voting to cut interest rates.
In a speech to the UK Women in Economics annual networking event, the newest member of the Monetary Policy Committee said officials are “likely at a turning point” and her earlier concerns about inflation proving more persistent than thought “have diminished.”