BoE’s Ramsden: I would not rule out having to raise bank rate further in the future

Bank of England (BoE) Deputy Governor for Markets and Banking, Dave Ramsden, is testifying on the November Monetary Policy Report (MPR) before the UK’s Parliament's Treasury Select Committee (TSC) on Tuesday.

Key quotes

I continue to characterise my approach to monetary policy as being watchful and responsive.

A restrictive policy stance is likely to be warranted for an extended period of time.

I would not rule out having to raise bank rate further in the future.

Nov 21, 2023

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