Economics
BOE Hawk Says Modest Path for Rates Needed to Combat Inflation
- Ramsden says his vote for a bigger rise was finely balanced
- Markets pare bets for a half-point increase in March
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Bank of England Deputy Governor Dave Ramsden said the U.K. is likely to need “modest” tightening in interest rates, a remark that drained speculation for a larger increase in borrowing costs next month.