Bank of England deputy governor: supports interest rate cuts, but it is difficult to know how fast they will be cut

Ms Britten, deputy governor of the Bank of England, said on Thursday that recent evidence supported a gradual rate cut but that measuring the appropriate pace of easing was tricky. "Recent evidence further supports the removal of policy constraints, which I expect to continue to be phased out over time," said Ms Britten, deputy governor for financial stability and seen as a centrist on the monetary policy committee, in a speech at the University of Edinburgh. She said it was "difficult to know" at this stage how quickly rates should fall. "To be clear, I expect bank rates to fall over time as the impact of past large shocks continues to wane," Ms Britten said.