BoE’s Breeden saw case for May rate cut even without trade turmoil

(Reuters) -Bank of England Deputy Governor Sarah Breeden said on Tuesday that she saw a case for cutting interest rates last month even without the impact of trade policy uncertainty on the global economy.

“I thought that there was a case for a cut in Bank Rate, even absent the international developments, because I judged that domestic disinflationary process that we’ve all talked about was progressing as I expected, and I thought it would continue,” Breeden told parliament’s Treasury Committee.

(Reporting by David Milliken and Suban Abdulla, additional reporting by Muvija M; writing by Andy Bruce; editing by William James)