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BOE Deputy Governor: Weak Economy Lowers Inflation Risk, No Rate Hike Needed

2026-07-16 08:13:12

According to Jin10, Bank of England Deputy Governor Briden said on July 16 that weak UK economic performance has lowered the risk of inflation stickiness, signaling no immediate need for rate hikes. Briden, one of the more dovish members of the BOE's Monetary Policy Committee, has supported maintaining rates at 3.75% in the past three meetings. She expressed confidence that inflation will return to the 2% target unless impacted by external factors such as regional conflicts. However, Briden noted that if signs of wage-price feedback loops emerge, she would support raising rates.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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