BoE Ramsden Says Rates May Rise
Bank of England Deputy Governor Dave Ramsden stated that interest rates could need to increase if inflation pressures continue to build. Ramsden noted the current policy stance remains restrictive following a recent hold decision.
Bank of England Deputy Governor Dave Ramsden said Monday morning that interest rates may need to rise if inflation pressures strengthen further. The remarks reinforce the central bank's cautious policy stance following its recent decision to hold borrowing costs steady. Investors are weighing the central bank's tightening bias against global economic headwinds stemming from regional conflict involving Iran and shifting stances among peer institutions like the European Central Bank and the U.S. Federal Reserve.
