BOE's Ramsden: Debt, higher borrowing was a necessary response to the pandemic

Author: Justin Low | Category: Central Banks

BOE policymaker, Dave Ramsden, comments to CNBC

  • Yields in the gilt market are extraordinarily low
  • Trends over many years have pushed down rates
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Well, yields are obviously low when you keep toying around with the idea of negative rates. But hey, who am I to say. Ramsden also reaffirms the central bank's stance from the policy meeting yesterday that inflation will return to pre-virus levels but "will take some time".

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