Bank of England won’t let inflation get out of control, Ramsden says
2022.07.14 16:49
Bank of England Deputy Governor for Markets and Banking Dave Ramsden attends the Monetary Policy Report Press Conference at The Bank of England, in London, Britain November 4, 2021. Justin Tallis/Pool via REUTERS
LONDON (Reuters) – Bank of England Deputy Governor Dave Ramsden said interest rates were very likely to have to go up further to stop a repeat of the persistently high inflation that beset Britain in previous decades.
“We will have to respond to whatever happens but we want people to understand that we’re not going to let high inflation to become sustained and get out of control like it did in the ’70s and ’80s,” Ramsden said in an interview with BusinessLive.
Rates are “very likely to have to go up further”, he said.
