MNI BRIEF: BOE Dep Governor Ramsden Gets 2nd Term To Sep 2027

Bank of England Deputy Governor Dave Ramsden has been given a second term running until September 2027. Ramsden,a member of the Monetary Policy Committee, heads the markets, banking and payments side of the Bank.

On the MPC he was on the hawkish end of the spectrum, voting in the minority for a first rate hike in November and for a 50 basis point hike in February, when the MPC only delivered a 25 bps increase.

Since then Ramsden, a former senior Treasury official, has moved back into the pack, backing both the May and June 25 bps hikes. Ramsden will have been central to creating the Bank's new framework, to be unveiled in August, for active gilt sales.