BoE’s focus has shifted from tightening, says deputy governor

Inflation “moving in right direction” but trends still need to be monitored, Breeden says

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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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