BoE's Ramsden
- Latest projections indicate that monetary policy is likely to need to be restrictive for an extended period
- Mon pol will need to be sufficiently restrictive to for sufficiently long to return inflation to 2% target
- I do not judge that there are any financial stability grounds for adjusting our approach to mon pol or the level of interest rates
Cable is up 19 pips to 1.2438 today.
