{"id":108479,"date":"2024-11-20T21:25:41","date_gmt":"2024-11-20T17:25:41","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=108479"},"modified":"2024-11-20T21:27:15","modified_gmt":"2024-11-20T17:27:15","slug":"boes-ramsden-still-optimistic-on-rate-cuts","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/boes-ramsden-still-optimistic-on-rate-cuts\/11\/20\/market-updates\/","title":{"rendered":"BoE&#8217;s Ramsden Still Optimistic on Rate Cuts"},"content":{"rendered":"\n<p>Bank of England Deputy Governor Dave Ramsden expressed confidence in the UK&#8217;s inflation trajectory, suggesting that a recent uptick in October&#8217;s CPI data is a temporary blip. He believes that inflation will continue to decline, allowing the central bank to maintain its easing monetary policy.<br><br><strong>Key points from Ramsden&#8217;s remarks:<br><\/strong><br>Inflation Outlook: Ramsden expects inflation to remain near the 2% target in the short term and fall below it later on.<br><br>Rate Cut Pace: He is open to accelerating rate cuts if there is clearer evidence of disinflationary pressures.<br>Wage Growth: Ramsden anticipates wage growth to be moderate, likely falling within the lower end of the 2-4% range.<br><br>Fiscal Policy Impact: He expressed uncertainty about the impact of recent tax increases on inflation, wages, and unemployment.<br><br>October CPI Data: Ramsden downplayed the significance of the slight overshoot in October&#8217;s CPI data, emphasizing the overall downward trend.<br><br>Ramsden&#8217;s comments reinforce the view that the BoE is likely to continue its easing cycle, with a focus on bringing inflation back to target.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bank of England Deputy Governor Dave Ramsden expressed confidence in the UK&#8217;s inflation trajectory, suggesting that a recent uptick in October&#8217;s CPI data is a temporary blip. He believes that inflation will continue to decline, allowing the central bank to maintain its easing monetary policy.Key points from Ramsden&#8217;s remarks:Inflation Outlook: Ramsden expects inflation to remain &hellip;<\/p>\n","protected":false},"author":13,"featured_media":61153,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[7202,7740],"class_list":["post-108479","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-bank-of-england","tag-rate-cut"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/108479","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=108479"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/108479\/revisions"}],"predecessor-version":[{"id":108485,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/108479\/revisions\/108485"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/61153"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=108479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=108479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=108479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}