Latest news with #SarahBreeden
Bloomberg
4 days ago
- Business
- Bloomberg
BOE's Breeden Believes UK Labor Market Loosening: Sunday Times
Bank of England's Sarah Breeden believes the UK labor market is loosening, while she sees 'waves of disinflation' continuing, according to an interview the central bank deputy governor for financial stability gave to Sunday Times. Breeden said workers' ability to ask for higher wages and companies' capacity to pay more by increasing prices are both decreasing, the newspaper reported.
Reuters
4 days ago
- Business
- Reuters
BoE's Breeden sees loosening labour market and disinflation, Sunday Times reports
MANCHESTER, England, May 31 (Reuters) - Bank of England Deputy Governor Sarah Breeden highlighted a weakening labour market and slow economic growth in an interview published on Saturday, adding that "waves of disinflation are continuing". She told the Sunday Times that the central bank's narrative about continuing interest rate cuts was "not a million miles away from where the market is". Breeden, deputy governor for financial stability, is widely regarded as a centrist on the nine-strong Monetary Policy Committee. In May, she voted with the majority to cut interest rates by 0.25 percentage points, in a three-way split vote where two members voted to hold rates, and another two voted for a larger cut. "The big picture, the landscape on which I'm thinking about policy, is that the waves of disinflation are continuing," Breeden said. "I think the labour market is loosening. We've seen unemployment rise a little bit, and in addition we've got relatively weak growth." She added that she had no pre-determined path for interest rates. Financial markets on Friday priced between two and three more quarter-point interest rate cuts between now and the end of the year, while a Reuters poll of economists published last week pointed to two.
Bloomberg
14-05-2025
- Business
- Bloomberg
BOE Is Looking for Ways to Tame Risks From Leveraged Gilt Trades
The Bank of England will consult investors on how to improve UK bond market resilience in order to avoid a repeat of the 2022 gilt crisis. Deputy Governor Sarah Breeden said policymakers aim to reduce the risk of another rapid unwinding of leveraged gilt trades, which threatens financial stability. The central bank will issue a discussion paper later this year on possible reforms, including greater central clearing of gilt repurchase agreements, or repos, as well as minimum haircuts on non-cleared repos.
Reuters
14-05-2025
- Business
- Reuters
Bank of England to seek feedback on gilt repo reforms, Breeden says
LONDON, May 14 (Reuters) - The Bank of England will start talking to players in the financial services industry about possible reforms to make sure the gilt repo market is resilient, BoE Deputy Governor Sarah Breeden said on Wednesday. The BoE's Financial Policy Committee said in November it wanted to strengthen the market which came under stress in 2022 when British government bond prices slumped following then prime minister Liz Truss's "mini-budget." "We will start a conversation with industry via a Discussion Paper later this year on possible reforms to market structure to enhance gilt repo market resilience," Breeden said in the text of a speech to the annual meeting of the international Swaps and Derivatives Association in Amsterdam.
Business Wire
24-04-2025
- Business
- Business Wire
Additional Keynote Speakers Announced: ISDA's 39
--(BUSINESS WIRE)--Join the International Swaps and Derivatives Association, Inc. (ISDA) at its 39 th Annual General Meeting (AGM) in Amsterdam from Tuesday May 13 to Thursday May 15, 2025. Join us in Amsterdam on May 13-15 to celebrate ISDA's 40th anniversary. Share Keynote speakers include: Sarah Breeden, Deputy Governor for Financial Stability at the Bank of England José Manuel Campa, Chairperson, European Banking Authority Luis de Guindos, Vice-President, European Central Bank Jens Larsen, Head of Geoeconomics, Eurasia Group Steven Maijoor, Executive Board Member and Chair of Supervision, De Nederlandsche Bank Martin Moloney, Deputy Secretary General, Financial Stability Board Sid Nadella, Director, Global Head of Capital Markets Solutions, Google Cloud Other keynotes will be announced in the coming weeks. Accredited journalists are invited to attend the event and must register in advance. Please send your name, affiliation and contact details to Christopher Faimali, cfaimali@ +44 20 3808 9736 Expand The conference will include sessions on: Navigating geopolitical risk Next steps for Basel III in the US, EU and UK Global impact of the US Treasury clearing mandate The future of the EU's sustainability agenda Financial stability and liquidity risk Managing derivatives terminations Additional information on the conference, including an agenda, is available on ISDA's website. An updated agenda will be available in due course. Journalists are invited to attend all social events, including the pre-conference welcome reception on Tuesday May 13 at 7:30PM. Please note that attendance at the evening events is granted on a strictly off-the-record basis and is for networking purposes only, not for reporting. WHEN: Conference sessions will be held on Wednesday May 14 – Thursday May 15, 2025. The pre-conference welcome reception is on Tuesday May 13 at 7:30PM. WHERE: Mövenpick Hotel Amsterdam City Centre Piet Heinkade 11, 1019 BR, Amsterdam, The Netherlands Expand Since 1985, ISDA has worked to make the global derivatives markets safer and more efficient. Today, ISDA has over 1,000 member institutions from 76 countries. These members comprise a broad range of derivatives market participants, including corporations, investment managers, government and supranational entities, insurance companies, energy and commodities firms, and international and regional banks. In addition to market participants, members also include key components of the derivatives market infrastructure, such as exchanges, intermediaries, clearing houses and repositories, as well as law firms, accounting firms and other service providers. Information about ISDA and its activities is available on the Association's website: Follow us on LinkedIn and YouTube. ISDA ® is a registered trademark of the International Swaps and Derivatives Association, Inc.
