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
Silver remains steady near $54.00 after rejection at $54.40 area.
Gold (XAU/USD) attracts fresh buyers during the Asian session on Friday and climbs to a two-week high, with bulls now eyeing to reclaim the $4,200 mark amid dovish US Federal Reserve (Fed) expectations.
S&P Slashes Vanke to Deep Junk, Warning of 'Unsustainable' Debt WallS&P has cut China Vanke’s rating to CCC- and warned its debt is “unsustainable” as the developer faces an 11.4 billion yuan maturity wall, seeks to delay a 2 billion yuan bond repayment and sees its securities plunge, stoking fresh worries that China’s property sector could slide back into crisis despite state ties.
S&P has cut China Vanke’s rating to CCC- and warned its debt is “unsustainable” as the developer faces an 11.4 billion yuan maturity wall, seeks to delay a 2 billion yuan bond repayment and sees its securities plunge, stoking fresh worries that China’s property sector could slide back into crisis despite state ties.
Bitcoin holds steady above $90,000 as traders eye $100,000, buoyed by Thanksgiving market lull.
Bitcoin (BTC) price continues to trade in green above $91,500 at the time of writing on Thursday after rebounding from the key support level.
