BOE’s Ramsden Says UK Now a CPI Laggard Rather Than Outlier
- Deputy governor more confident on receding price pressures
- He says UK inflation dynamics converging with the eurozone
Dave Ramsden
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Bank of England Deputy Governor Dave Ramsden signaled he is less concerned about UK inflation than in previous months, a sign he may be willing to support interest rate cuts.
Ramsden played down concerns of the UK seeing a US-style uptick in price growth, arguing that its inflation dynamics are now “converging” with the more sanguine backdrop in the eurozone.