Deputy Governor Dave Ramsden has cautioned that inflationary pressures in the UK remain a concern, despite ongoing efforts to stabilise the economy. While the Bank of England (BoE<\/a>) has adopted a measured approach to interest rate adjustments, recent data suggests that price rises and wage growth could slow down further monetary easing.<\/p>\n\n\n\n
The latest price growth<\/a> figures have cast doubt on the pace of future interest rate cuts. According to official data, core consumer prices rose to 3% in January, up from 2.5% in December. This unexpected increase has reinforced concerns that cost pressures are not easing as quickly as anticipated.<\/p>\n\n\n\n
Despite the risks, Ramsden indicated that the \u201ccore disinflationary process remains intact\u201d, suggesting that long-term inflationary <\/a>pressures may still be easing. While uncertainty persists, he left room for flexibility in monetary policy, stating that the pace of rate cuts \u201cdoesn\u2019t always mean the descent has to be slow\u201d.<\/p>\n\n\n\n