BOE’s Ramsden: More likely than not that we will have to raise bank rate further

Bank of England (BOE) Deputy Governor Dave Ramsden said in Reuters interview on Tuesday, “more likely than not that we will have to raise bank rate further.”

Additional quotes

More likely than not that we will have to raise bank rate further.

Not ruling out need to start lowering bank rate quite quickly at some point.

Inflation expectations remain anchored.

We had to act forcefully last week to ensure inflation doesn't become embedded.

Boe might be in situation of cutting rates and selling assets at same time.