press conf
  • We are seeing the UK premium in bonds unwind
  • Market liquidity is not back to where we were
  • Where the truth lies in between the constrant rate and market rate paths, we don't predict
  • We maybe have the largest upside risk in inflation forecasts in MPC history
  • Ramsden: The majority of the MPC think we will have to make further hikes in the bank rate
  • Ramsden: It's likely that further rate rises will be necessary. We don't think it's likely to have to go as high as 5.25%