November 21, 2024 12:34 GMT
BOE: Ramsden Yorkshire Post comments in line with yesterday's speech
BOE
Ramsden comments (unsurprisingly) very much in line with yesterday's speech (and hence no market impact). Full link here.
Key part of today's is here - almost an echo of yesterday:
- "That's plausible and is the judgement that underlies the central forecasts but it's also possible, given how much a driver of services inflation wage costs are, were the labour market to continue to loosen (vacancies have fallen by over a third from their peak) were demand in the wider economy to not be as robust as we’re forecasting then you might see disinflation progress faster and, in that possible future, the gradual approach we are taking to reduce Bank Rate might not be so warranted. There might be the potential to reduce Bank Rate more quickly."
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