The Lieutenant Governor of Bank of england (BoE) Dave Ramsden said on Friday that they see inflation risks broadly balanced, Reuters reported. I affirm that sees recent market movements as a reflation operation and not inflation. He added that UK inflation expectations “are well anchored.”
“There will be a high bar to undo the UK’s monetary easing,” the BoE official said. On the movements in the markets, he said that the British bond market is operating in an orderly manner.
Regarding the economy, Ramsden said they are seeing a trade revival, especially driven by the United States.
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