BoE's Ramsden: Inflation's key indicators remain high - Breaking The News

BoE's Ramsden: Inflation's key indicators remain high

27 February

1 min read

EPA-EFE/FACUNDO ARRIZABALAGA

Bank of England's Deputy Governor Dave Ramsden pointed out that the key indicators to measure the persistence of inflation remain high during his speech at Glaziers Hall, AFME Bond Trading, Innovation and Evolution Forum on Tuesday.

"Although services inflation and wages growth have fallen by somewhat more in recent months than we had expected last autumn, key indicators of inflation persistence remain elevated," the policymaker added.

Ramsden expressed his support for a more balanced outlook on inflation risks as outlined in the Monetary Policy Committee's latest forecasts while mentioned that he is seeking further evidence regarding the extent to which inflation persistence is ingrained, as this will determine how long "the current level of Bank Rate will need to be maintained."

inflation boe ramsden

Goldman Sachs trims 2025 Bund yield forecast

an hour ago

Goldman Sachs has revised its forecast for the yield of the 10-year German Bund while also expressing concerns about weakening growth projections, according to a note by George Cole and Williams Mashal.According to the strategists, although the European Central Bank may face inflationary pressures, fiscal expansion plans across the Eurozone will likely counterbalance those forces."Eventual fiscal loosening should keep Bund yields near current...

South Korean inflation up from 2% to 2.1% in March

9 hours ago

The annual inflation rate in South Korea came in at 2.1% in March, rising from the 2% registered in February, according to Wednesday's data from Statistics Korea. The figure came in slightly higher than expected.On a monthly basis, the Consumer Price Index (CPI) rose 0.2% against a 0.3% rise seen in the previous month, matching expectations. The same index excluding fresh food and energy rose 1.9% year-on-year, compared to a 1.8% increase in...

BoE's Greene: Slack opening in labor market

a day ago

Bank of England (BoE) Monetary Policy Committee member Megan Greene said on Tuesday that there is now more slack in the British labor market but that wage growth is not slowing down quickly enough and it remains "above what our models can explain."Greene said inflation expectations are still anchored but expressed concern about their rise. She also pointed out weak supply, stating that she is more worried about it than supply. She argued that tariffs...

ECB's Lagarde: Trading war lose-lose scenario

31 March

European Central Bank (ECB) President Christine Lagarde described in a Monday interview with France Inter a potential trade war between the European Union and the United States as a "lose-lose scenario."Still, Lagarde also noted that United States President Donald Trump's tariffs on the bloc could give it a chance to "show independence." Commenting on inflation in the Eurozone, she stressed that keeping it "in check" is a "constant battle" as the figure must...

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.