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Deputy Governor of the Bank of England: Supports interest rate cuts, but it is difficult to know how fast it will be cut
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2025-01-10 04:02 4,369
Golden Finance reported that Bank of England Deputy Governor Breeden said on Thursday that recent evidence supports a gradual reduction in interest rates, but measuring the appropriate pace of easing is tricky. "Recent evidence further supports the lifting of policy restrictions, and I expect that restrictions will continue to be gradually lifted over time," Breeden, the deputy governor for financial stability who was appointed Considered a centrist on the Monetary Policy Committee. She said it was "hard to know" at this stage how quickly rates should fall. "To be clear, I expect bank rates to fall over time as the impact of the large shocks of the past continues to fade," Breeden said.
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