BoE’s focus has shifted from tightening, says deputy governor
Inflation “moving in right direction” but trends still need to be monitored, Breeden says
The Bank of England (BoE) has shifted from tightening rates to thinking about when they might come down, according to deputy governor Sarah Breeden.
Breeden, a monetary policy committee member, said in a speech on February 7 that recent falls in UK inflation had changed the BoE’s outlook.
“As I have become more confident that persistence is likely to evolve as embodied within our forecast, I have become less concerned that rates might need to be tightened further,” she said. “Instead my focus
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