Reported 1 day ago
Bank of England Deputy Governor Sarah Breeden downplayed recent fluctuations in gilt yields and indicated support for further interest rate cuts. Addressing concerns post-speech in Edinburgh, she attributed rising UK borrowing costs to global market trends and suggested that current wage growth may cool, providing a rationale for easing policy restrictions. Breeden’s stance points towards a potential rate cut in February, despite ongoing financial market uncertainties.
Source: YAHOO