BANK OF ENGLAND deputy governor BREEDEN said firms are absorbing energy-price shocks and cutting costs rather than passing them to consumers, and she is cautious about the necessity of further rate hikes. Two other BANK OF ENGLAND officials appear in

2026-10-15

BANK OF ENGLAND deputy governor BREEDEN said firms are absorbing energy-price shocks and cutting costs rather than passing them to consumers, and she is cautious about the necessity of further rate hikes. Two other BANK OF ENGLAND officials appear inclined to support tightening. BREEDEN noted a soft labor market is keeping wage growth subdued, and Thursday’s GDP unexpectedly came in strong, reflecting private-sector resilience.