BoE’s Bredeen: Future policy decisions require certainty that inflation is on track

Bank of England (BoE) Deputy Governor Sarah Breeden is testifying on the May Monetary Policy Report (MPR) before the UK Parliament's Treasury Select Committee (TSC) on Tuesday. 

Breeden presented the Annual Report before the MPR hearings.

Key quotes

Economy moving gradually into excess supply.

Future policy decisions require certainty that inflation is on track.

Tariffs expected to have small impact on the UK economy.

Slack opening up in labor market will guide policy.

more to come ....