Bank of England Deputy Governor Broadbent: Even if interest rate hikes are needed, they could wait until later in 2026 to be implemented.

Golden Ten Data reported on May 14 that Bank of England Deputy Governor Breeden stated the central bank is currently "well positioned to observe economic developments calmly." She added, "We do not need to act in a hurry." She revealed that even if a rate hike is ultimately necessary, the Bank of England could wait until later in 2026 to implement it; although the market currently expects two to three rate hikes this year from the central bank, with the first expected this summer. She said, "We have ample time to assess: first, the true intensity of the shocks; second, the trajectory of economic evolution. Admittedly, we cannot wait indefinitely; but it is also not necessary for us to rush into action in June or July."