BoE Deputy Governor Broadbent Signals Rate Cuts

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Anthony Bull

Daily Currency Update

BoE Deputy Governor Broadbent Signals Rate Cuts

BoE’s Broadbent

BoE’s Broadbent Hints at Rate Cuts Amid Global Economic Uncertainties

Yesterday, Bank of England Deputy Governor Ben Broadbent suggested possible interest rate cuts as early as next month. However, optimism may be premature if COVID-19 and Ukraine war effects persist, risking market volatility.

Raphael Bostic, President of the Atlanta Federal Reserve Bank, indicated that the U.S. economy’s gradual slowdown should help ease inflation.

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BoE’s Broadbent

The Eurogroup Meeting is taking place today, potentially impacting Eurozone economic policies.

Canada’s Consumer Price Index (CPI) for April, forecasted at 2.0% year-on-year down from 2.9%, will be released.

In the United States, key speeches from Federal Reserve officials are scheduled: Christopher Waller at 2:00 PM, John Williams at 2:05 PM, and Michael Barr at 3:45 PM, providing new insights into the Fed’s stance on inflation and interest rates.

Later at 6:00 PM GMT, BoE’s Governor Bailey will lecture in honor of LSE’s Charles Goodhart, hosted by the Financial Markets Group.

BoE’s Broadbent

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