- Bank of England Deputy Governor Dave Ramsden said he would raise interest rates if upside pressures to inflation keep building, marking a hawkish shift in his stance.
- Ramsden's warning places him alongside other officials cautioning that UK rates may have to rise rather than fall.
- The guidance runs against the market expectation of a BoE easing path, keeping UK rate-sensitive assets exposed to renewed tightening risk.
Quotes
“he would be prepared to raise interest rates if “upside pressures” to inflation continue to build”