BOE Ramsden: There are likely to be bumps in the disinflation process ...Middle East

BOE Deputy Gov. Ramsden is speaking and says:There are likely to be bumps in the disinflation process from one month to the next.Over the last few months, I have become more confident in the evidence that risks to persistence and domestic inflation pressures are receding.Balance of domestic risks to the outlook for UK inflation is now tilted to the downside.Balance of domestic risk to the outlook for UK inflation relative to the February MPR forecasts, is now tilted to the downside.This leaves the UK as less of a outliner and more of a laggard in terms of recent inflation performance.Scenario where inflation stays close to the 2% target over the whole forecast. At least as likelyWe can be co

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