Dave Ramsden said gradual and careful approach needed to balance inflation risks and interest rate cuts
Bank of England policymakers must proceed cautiously – like mountaineers – as they cut interest rates in the months ahead as inflation risks rise, according to the central bank’s deputy governor, Dave Ramsden.
In a speech at Stellenbosch University in South Africa, Ramsden – a climber himself – returned to the mountain analogy previously used by the Bank’s chief economist, Huw Pill, to describe the path of interest rates.
Continue reading…Dave Ramsden said gradual and careful approach needed to balance inflation risks and interest rate cutsBusiness live – latest updatesBank of England policymakers must proceed cautiously – like mountaineers – as they cut interest rates in the months ahead as inflation risks rise, according to the central bank’s deputy governor, Dave Ramsden.In a speech at Stellenbosch University in South Africa, Ramsden – a climber himself – returned to the mountain analogy previously used by the Bank’s chief economist, Huw Pill, to describe the path of interest rates. Continue reading…
