Rising inflation risks might hasten BoE towards action -Ramsden
07/14/2021 | 03:39pm EDT
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LONDON (Reuters) -Bank of England Deputy Governor Dave Ramsden said the BoE might start to think about reversing its huge monetary stimulus sooner than he previously expected due to growing inflation pressures as Britain s economy bounces back from its COVID slump.
In a speech that suggested growing concerns at the top of the central bank about price pressures, Ramsden said British inflation might rise as high as 4% for a period later this year - double the BoE s target - and the factors driving it up might take some time to ease off.
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