Central Banks
BOE Rate-Setters Push Back Against Market Rate Cut Bets
- Dave Ramsden warns firms to adapt for a higher rate world
- Megan Greene says markets have not understood rate signals
Dave Ramsden.
Photographer: Hollie Adams/BloombergThis article is for subscribers only.
Three Bank of England policy makers warned markets to brace for UK interest rates to remain elevated for a lengthy period of time, the latest efforts by officials to dampen bets on a reduction in borrowing costs by mid-2024.
Deputy Governor Dave Ramsden said firms must adapt to a higher rate world after the shift away from the low borrowing costs that marked the post-global financial crisis period.