Bank of England Official Ramsden: British Inflation is More “Localized”

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On Tuesday, Dave Lumsden, the Bank of England’s deputy governor for markets and banking, participated in a panel discussion titled “Inflation, Financial Stability and Employment” at a high-level meeting of the Hong Kong Monetary Authority and the Bank for International Settlements.

Ramsden said British inflation was more “localized”.

Speaking at the same event, ECB Governing Council member Pablo Hernández de Cos said it was “too early to talk about a rate cut.