BoE Sarah Breeden rules out rate hikes in June and July
Deputy Governor Sarah Breeden says the Bank of England does not need to raise rates in June or July. The bank is also reviewing its proposed stablecoin rules.
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United Kingdom Deputy Governor Sarah Breeden said the Bank of England does not need to raise interest rates in June or July. The central bank held rates steady for three consecutive meetings as it monitors inflation risks linked to the Middle East conflict. The decision signals the BoE believes it can afford to pause further tightening.
