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"I have become less concerned that further policy tightening may be needed," she stated. "Instead, the Monetary Policy Committee (MPC) and I are now more concerned with determining how long the rate should remain at its current levels."
On February 1, the Bank of England maintained the benchmark interest rate at 5.25% annually. The Central Bank raised the rate at 14 consecutive sessions up to September, when it was maintained at this level, the highest since 2008.
At the last meeting, six of the nine MPC members—including Breeden—voted to maintain the rate. One member advocated a 25 basis points (b.p.) decrease, while the other two supported an increase of 25 b.p.
source: marketwatch.com
On February 1, the Bank of England maintained the benchmark interest rate at 5.25% annually. The Central Bank raised the rate at 14 consecutive sessions up to September, when it was maintained at this level, the highest since 2008.
At the last meeting, six of the nine MPC members—including Breeden—voted to maintain the rate. One member advocated a 25 basis points (b.p.) decrease, while the other two supported an increase of 25 b.p.
source: marketwatch.com
