Bank of England (BoE) Deputy Governor Dave Ramsden said in an interview with Reuters on Tuesday that “most likely we will have to raise the bank rate further“.
additional quotes
I’m going to look at the indicators and I’m going to look at the evidence as we get closer to each next meeting.
I do not rule out the need to start lowering the bank rate quickly at some point.
Inflation expectations remain anchored.
We had to act forcefully last week to ensure that inflation does not fester.
We are in an extraordinary period in which many things are changing. Therefore, I would not like to make any predictions about where bank rates are going to end up.
Of course, I do not rule out a situation in which, when we see the risk for the economy, after having raised the bank rate, at some point we have to start lowering it rapidly.
Source: Fx Street
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