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BoE Deputy Governor Breeden Says Could Wait Until Later 2026 to Raise Rates on May 14

GateNews
Forex
ON-19.11%
MAY-2.87%
IN-2.67%

According to Jin10, Bank of England Deputy Governor Breeden said on May 14 that the central bank is in a favorable position to carefully observe economic dynamics and has no need to rush into action. She revealed that even if rate hikes become necessary, the BoE could wait until later in 2026 to implement them, despite market expectations for two to three rate hikes this year with the first potentially coming in summer. Breeden stated: “We have ample time to assess the intensity of shocks and how the economy evolves. We certainly cannot wait indefinitely, but we are not obligated to act hastily in June or July.”

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