BoE's Ramsden: Risks to persistence in domestic inflation pressures are receding
Source Fxstreet
"I have become more confident in the evidence that risks to persistence in domestic inflation pressures are receding," Bank of England Deputy Governor Dave Ramsden on Friday, per Reuters.
"There are likely to be bumps in the disinflation process from one month to the next," Ramsden added and said that the balance of domestic risks to the outlook for the UK inflation is now tilted to the downside.
Market reaction
These comments failed to trigger a noticeable market reaction. At the time of press, GBP/USD was up 0.1% on the day at 1.2450.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
As the Bitcoin market continues to mature, its 2025 outlook appears highly favourable, driven by institutional adoption and regulatory developments.
SOL price is now correcting gains and might struggle to rise above the $155 resistance.
ETH is now consolidating gains and might aim for a fresh move above $2,620.
Dogecoin started a fresh increase above the $0.180 zone against the US Dollar.
Gold price (XAU/USD) is gaining positive traction for the third consecutive day on Friday and approaching the top end of its weekly range amid rising trade tensions.
