BOE's Ramsden: I expect that further increases to the bank rate are going to be required

• Favours a watchful, responsive approach to setting policy
• Bias is towards further tightening but if economy develops differently, then would consider the case for reducing the bank rate
• Impact of higher rates could take longer to come through
• Not yet confident that domestically generated inflation pressures are starting to ease
• There is a range of views on the MPC over development of inflation expectations

Not to be picky but this is one of the few times we are hearing about rate cuts from a central bank policymaker these days. But that is not to say that we are going to see a major policy pivot to that extent just yet. It will require a more recession-like economy alongside cooler inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term pressures to really get to that point.