
Bank of England must proceed with caution over future rate cuts, says deputy governor | Bank of England newsthirst.
Bank of England policymakers must proceed cautiously – like mountaineers – as they cut interest rates in the months ahead as inflation risks rise, according to the central bank’s deputy governor, Dave Ramsden. In a speech at Stellenbosch University in South Africa, Ramsden – a climber himself – returned to the mountain analogy previously used…