BoE’s Ramsden: Gradual and careful approach needed to rate cuts

Bank of England (BoE) Deputy Governor Dave Ramsden spoke about monetary policy in a world of geopolitical fragmentation at Stellenbosch University in South Africa on Friday.

Key quotes

Gradual and careful approach needed to rate cuts.

That doesn’t always mean the descent has to be slow.

There may be circumstances when a slower-than-expected descent is justified but there will also be times when conditions require that the pace has to quicken.

Mpc need to judge evidence afresh each meeting.

Risks to hitting 2% inflation are no longer just to downside, they are two sided.