Skip to content
Markets
Economics

BOE’s Ramsden Says More Rate Hikes Needed to Tame Inflation

  • Highlights pressure on prices from labor market strength
  • But inflation fight complicated by weakening economic growth
Video player cover image
WATCH: The UK economy shrank unexpectedly in March. Lizzy Burden reports.Source: Bloomberg
Updated on

Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.

The Bank of England will have to raise interest rates further to control surging prices, and there’s a risk that the UK’s worst inflation crisis in decades will take longer to ease fully, according to Deputy Governor Dave Ramsden.