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Dow Jones | 38225.66 | 0.85% |
NASDAQ | 15840.96 | 1.51% |
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WASHINGTON, April 19 (Reuters) - Bank of England Deputy
Governor Dave Ramsden said on Friday that inflation could hold
around the central bank's 2% target for the next three years
rather than rise higher as set out in the BoE's most recent
forecasts.
"For me the balance of domestic risks to the outlook for UK
inflation, relative to the February ... forecasts, is now tilted
to the downside, with a scenario where inflation stays close to
the 2% target over the whole forecast period at least as
likely," Ramsden said in comments prepared for a conference
organised by the Peterson Institute for International Economics.
(Reporting by William Schomberg and David Milliken in London)
((william.schomberg@thomsonreuters.com; +44 207 542 7778;
Reuters Messaging: william.schomberg.reuters.com@reuters.net))