Bank of England signals possible rate rise if inflation pressures grow

Summarised from 2 outlets · 3 reports · Updated 29 Sept, 22:54 · Archive

The Bank of England's deputy governor has said interest rates may need to rise if inflation pressures persist.

Dave Ramsden, the Bank of England's deputy governor overseeing markets and banking, has indicated that interest rates may need to rise if growing inflation pressures continue. The Monetary Policy Committee voted 6-3 to hold the bank rate at 3.75% earlier this month, with three members backing a quarter-point increase instead.

How it is being reported

• Bank of England set to leave interest rates on hold today - but investors bet on four hikes by end of 2027This is Money · 29 Sept, 16:05
• The Monetary Policy has changed its mindset. What’s next for interest rates?City AM · 28 Sept, 13:09
• Bank of England’s Ramsden says interest rates will need to rise if pressures persistCity AM · 28 Sept, 12:14

In this story: Bank of England · Dave Ramsden · Monetary Policy Committee

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