✉news BusinessEconomy first seen 5 h ago, last 5 h ago, peak #37
Bank of England's Ramsden warns rates may need to rise
Original: Bank of England's Ramsden says rates may need to rise if inflation pressures build
Bank of England Deputy Governor Dave Ramsden said interest rates may need to increase further if inflationary pressures in the UK economy persist or build. The remarks signal that the central bank remains ready to tighten monetary policy despite signs of cooling price growth, and will keep a close watch on incoming economic data before deciding its next move.
Why now: Investors and households are closely watching Bank of England signals for the direction of interest rates amid ongoing inflation concerns.
Evidence
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