BoE's Breeden: We can’t wait forever, but we don’t need to do it in June or July
Bank of England (BoE) Deputy Governor Sarah Breeden said that the central bank is in a good place to be able to watch what’s happening in the economy, the Financial Times reported on Thursday. Breeden added that the BoE can’t wait forever, but it doesn’t need to do it in June or July.
The Bank of England's cautious stance suggests that interest rate changes may be delayed, leading to a potential weakening of the GBP against other currencies. Traders may react by selling GBP, anticipating a prolonged period of stable rates.
Bank of England (BoE) Deputy Governor Sarah Breeden said that the central bank is in a good place to be able to watch what’s happening in the economy, the Financial Times reported on Thursday. Breeden added that the BoE can’t wait forever, but it doesn’t need to do it in June or July.
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