US EditionBoE’s Breeden sees loosening labour market and disinflation, Sunday Times reports
- The Deputy Governor of the Bank of England, Sarah Breeden, noted on Saturday that interest rates were reduced by 0.25 percentage points following a split vote among three options.
- Breeden attributed the cut to a loosening labour market, slight unemployment rises, and relatively weak growth in May, reflecting ongoing economic conditions.
- She emphasized that the “waves of disinflation are continuing” while considering policy within a broader economic landscape marked by slow growth.
- Breeden remarked that the central bank’s outlook on further lowering interest rates aligns closely with market expectations, which currently anticipate two to three additional cuts before the end of the year.
- The rate cut and Breeden’s remarks suggest expectations for further easing of monetary policy to address weakening labour market and persistent disinflation.
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BoE's Breeden sees loosening labour market and disinflation, Sunday Times reports
Bank of England Deputy Governor Sarah Breeden highlighted a weakening labour market and slow economic growth in an interview published on Saturday, adding that "waves of disinflation are continuing".
·United Kingdom
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