By Paul Hannon Restrictive borrowing costs are weighing on services prices and U.K. inflation may be lower than previously expected, Bank of England Deputy Gov. David Ramsden said Friday. .
MARKET WRAPS Watch For: EU industrial production; Italy labor cost index; UK industrial production, trade, index of services, monthly GDP estimates, Bank of England Deputy Gov. Sam Woods. -Today at 12:17 am- MarketScreener
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The bankers stressed the need to keep interest rates high until inflation is contained, and wrestled with deep shifts that will make their jobs harder.