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Ramsden: Outlier or laggard: divergence and convergence in the UK’s recent inflation performance
Thank you to the Peterson Institute for the invitation to participate in today’s event focussing on the CEPR volume on monetary policy responses to the post-pandemic inflation1 . In line with the title of this panel I want to provide an update on my assessment of the evidence on what has caused the UK’s inflation2 . This evidence covers the key indicators of inflation and in particular persistence as well as associated analysis and what this implies for the extent to which the risks from persistence are receding. Economic forecasters have had a challenging time over the last few years in forecasting the inflation ... (full story)
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BOE'S RAMSDEN: THERE ARE LIKELY TO BE BUMPS IN THE DISINFLATION PROCESS FROM ONE MONTH TO THE NEXT.
— FinancialJuice (@financialjuice) April 19, 2024
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BOE'S RAMSDEN: THIS LEAVES THE UK AS LESS OF AN OUTLIER AND MORE OF A LAGGARD IN TERMS OF RECENT INFLATION PERFORMANCE.
— FinancialJuice (@financialjuice) April 19, 2024
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BOE'S RAMSDEN: INFLATION STAYING CLOSE TO THE 2% TARGET OVER THE WHOLE FORECAST PERIOD IS AT LEAST AS LIKELY AS THE FEBRUARY 2024 FORECAST.
— FinancialJuice (@financialjuice) April 19, 2024
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BANK OF ENGLAND MPC MEMBER DAVE RAMSDEN AT PETERSON INSTITUTE PANEL: I HAVE BECOME MORE CONFIDENT THAT THE RISKS OF PERSISTENT INFLATION ARE RECEDING#bankofengland #boe #daveramsden #monetarypolicy #interestrates #inflation #ukeconomy
— Mace News (@MaceNewsMacro) April 19, 2024