✉news BusinessBanking first seen 9 h ago, last 1 h ago, peak #2
BOE's Ramsden Backs Rate Hikes if Inflation Builds
Original: BOE’s Ramsden Sees Case for Raising Key Rate if Inflationary Pressures Build
Bank of England Deputy Governor Dave Ramsden said there is a case for raising the UK's key interest rate if inflationary pressures continue to build. His comments add to expectations that the central bank may tighten monetary policy further, and investors and economists are weighing how aggressive the BOE could be in its coming decisions.
Why now: Markets are closely watching Bank of England officials for signals on the next interest rate move amid persistent inflation concerns.
Evidence
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