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Ramsden gives very little away on monpol

BOE
This is all he says:
  • "I am not going to comment on the detail of the data published since the June meeting. The August MPC round starts soon and will be completed with our announcement on 3 August."
  • "What I do want to emphasise as my conclusion is that the MPC will continue to monitor closely indications of persistent inflationary pressures in the economy as a whole, including the tightness of labour market conditions and the behaviour of wage growth and services price inflation. If there is evidence of more persistent pressures, then further tightening in monetary policy would be required."

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