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✉news BusinessBanking first seen 18 h ago, last 1 h ago, peak #2

BoE's Ramsden Sees Case for 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 would be a case for raising the key interest rate if inflationary pressures build in the UK economy. His comments signal that policymakers remain alert to upside risks to inflation even as rates stand at elevated levels, and come as investors and businesses watch closely for hints on the timing of the Bank's next move.

Why now: Markets are watching Bank of England officials closely for signals about the direction of UK interest rates amid persistent inflation concerns.

Bank of EnglandDave Ramsden

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