- BoE’s Ramsden: I would not rule out having to raise bank rate further in the future
Market news
21 tháng 11 2023
BoE’s Ramsden: I would not rule out having to raise bank rate further in the future
Bank of England (BoE) Deputy Governor for Markets and Banking, Dave Ramsden, is testifying on the November Monetary Policy Report (MPR) before the UK’s Parliament's Treasury Select Committee (TSC) on Tuesday.
Key quotes
I continue to characterise my approach to monetary policy as being watchful and responsive.
A restrictive policy stance is likely to be warranted for an extended period of time.
I would not rule out having to raise bank rate further in the future.
Speed limit of the UK economy is low now.
Low speed limit increases chance of above-target inflation.
more to come ....
Market reaction
GBP/USD was last seen trading at 1.2537, up 0.28% on the day.
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page