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FX Daily Updates
BoE's Breeden saw case for May rate cut even without trade turmoil
georgemiller
Publish Date: Tue, 03 Jun 2025, 10:11 AM

June 3 (Reuters) - Bank of England Deputy Governor Sarah Breeden said on Tuesday that she saw a case for cutting interest rates last month even without the impact of trade policy uncertainty on the global economy.
"I thought that there was a case for a cut in Bank Rate, even absent the international developments, because I judged that domestic disinflationary process that we've all talked about was progressing as I expected, and I thought it would continue," Breeden told parliament's Treasury Committee.
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https://www.reuters.com/markets/europe/boes-breeden-saw-case-may-rate-cut-even-without-trade-turmoil-2025-06-03/