BoE’s Breeden: Pace of rate cut uncertain, gradual easing expected

BoE Deputy Governor Sarah Breeden today reinforced expectations for gradual easing of monetary policy, citing the abating effects of past economic shocks. “I expect to continue to remove restrictiveness gradually over time,” she added. However, she cautioned against prescriptive timelines, remarking that it is “difficult to know” how quickly rates should fall.

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