BoE might think about easing stimulus earlier than thought – Ramsden

1 minute ago by Reuters1 minute ago by Reuters1 minute ago by Reuters1 ReadFILE PHOTO: Dave Ramsden, Deputy Governor for Markets and Banking of the Bank of England, speaks at a Bank of England press conference on November 1, 2018 in the City of London, United Kingdom. Pool/Kirsty O’Connor REUTERS via (Reuters) – LONDON (Reuters) – Deputy Governor Dave Ramsden of the Bank of England said it was feasible that the British central bank’s prerequisites for beginning to think about winding down its massive monetary stimulus program will be met sooner than he had anticipated. “Based on the rapid pace of developments since we published our May predictions and the shift in the balance of risks,” Ramsden added in the speech text, “I may envisage those requirements for considering tightening being met rather sooner than I had previously thought.” British inflation rose above the Bank of England’s target of 2% in the 12 months to June, according to official figures released earlier on Wednesday. William Schomberg wrote the piece, and Kate Holton edited it./nRead More