Bank of England's Deputy Governors Ramsden and Haskel expressed concerns about UK inflation and the need for higher interest rates. Ramsden stated that rates will stay restrictive for an extended period, while Haskel emphasized the lack of scope for rate moderation and the necessity to hold rates higher and longer than expected. The OECD warned of a global economic slowdown due to higher interest rates, with the eurozone lagging behind. It also highlighted the need for prolonged high borrowing costs in Europe until 2025.
OECD issues warning on interest rates, expects prolonged high borrowing costs in Europe until 2025 https://t.co/isG9weYK3r https://t.co/f9h6QkT7Pp
Global growth to slow but avoid a hard landing -OECD https://t.co/8Kh4agHSau https://t.co/imquCfE2UT
Latest @OECD outlook « Global growth has been stronger than expected in 2023, but is now moderating on the back of tighter financial conditions, weak trade growth and lower business and consumer confidence. Risks to near-term outlook tilted to downside » https://t.co/3hdyyAwruY https://t.co/tnnfFYbtaW
The Fed and the ECB will need to keep interest rates high for longer than investors expect to ensure inflation is weeded out of their economies, OECD's top economist says https://t.co/lObo6EuQhA
OECD trims global growth forecast, warns of conflict risk https://t.co/fLiz18N6CW
Global growth to slow but avoid a hard landing -OECD - Reuters https://t.co/4acheKUI7E
The world’s advanced economies are heading into a deepening slowdown as markedly higher interest rates take a toll, the OECD warns https://t.co/mP9HxGnaSA
OECD: The Global economy is slowing and the eurozone is lagging behind https://t.co/uP0ajAS5U3
The world’s advanced economies are heading into a deepening slowdown as markedly higher interest rates take a toll, the OECD warns https://t.co/PIfdShkaYq
The world’s advanced economies are heading into a deepening slowdown as markedly higher interest rates take a toll, the OECD warns https://t.co/Di3fT0FUzQ
⚠️ GLOBAL GROWTH TO SLOW BUT AVOID A HARD LANDING - OECD The global economy will slow slightly next year but the risk of a hard landing has subsided despite high levels of debt and uncertainty over interest rates, the Organisation for Economic Cooperation and Development said… https://t.co/BRcJTbxfnG
Sticky inflation could keep interest rates high into 2025 in eurozone and UK, warns OECD https://t.co/QMl9rI5qo0
⚠️ Inflation is “becoming much more home grown” and will force interest rates to stay high for longer, a deputy governor of the Bank of England has warned https://t.co/IJrEUk9DZ1
Interest rates need to be “held higher and longer than many are expecting," Bank of England policymaker Jonathan Haskel says https://t.co/t4Sd1ZIDDg
UK inflation is becoming more "homegrown" and will be "challenging to squeeze out of the system," according to Bank of England Deputy Governor Dave Ramsden https://t.co/Eng2HLc06n https://t.co/d8IMFHRKvj
UK inflation is becoming more "homegrown" and will be "challenging to squeeze out of the system," according to Bank of England Deputy Governor Dave Ramsden https://t.co/fU1siSbPTs https://t.co/rLHgCNAoQY
Interest rates need to be “held higher and longer than many are expecting," Bank of England policymaker Jonathan Haskel says https://t.co/4rIfHjSefS
🔴 BOE'S HASKEL: RATES WILL HAVE TO BE HELD HIGHER AND LONGER THAN MANY SEEM TO BE EXPECTING.
🔴 BOE'S HASKEL: THE CURRENT OUTLOOK DOES NOT SUGGEST THE SCOPE FOR MODERATION IN RATES ANYTIME SOON.
UK inflation is becoming more “home-grown” and will be “challenging to squeeze out of the system,” according to Bank of England Deputy Governor Dave Ramsden https://t.co/IdfXe8sX1P
UK inflation is becoming more “home-grown” and will be “challenging to squeeze out of the system,” according to Bank of England Deputy Governor Dave Ramsden https://t.co/SX8RMxpKJC
UK inflation is becoming more “home-grown” and will be “challenging to squeeze out of the system,” according to Bank of England Deputy Governor Dave Ramsden https://t.co/8j2DryTssA
"UK inflation is becoming much more homegrown" Sticky services inflation is a serious concern for the Bank of England, says Deputy Governor Dave Ramsden, who adds it will be "really challenging to squeeze out of the system" https://t.co/T1jzCR1Mxj https://t.co/7rONlSuSYR
"UK inflation is becoming much more homegrown" Sticky services inflation is a serious concern for the Bank of England, says Deputy Governor Dave Ramsden, who adds it will be "really challenging to squeeze out of the system" https://t.co/WWtbfYUjAK https://t.co/XMdnj4YfWD
"UK inflation is becoming much more homegrown" Sticky services inflation is a serious concern for the Bank of England, says Deputy Governor Dave Ramsden, who adds it will be "really challenging to squeeze out of the system" https://t.co/gHqWmaRnMy https://t.co/ooZYjReBfw
🔴 BOE'S RAMSDEN: WE'RE NOT MAKING COMMITMENTS ON WHERE RATES WILL BE.
🔴 BOE'S RAMSDEN: RATES ARE TO STAY RESTRICTIVE FOR AN EXTENDED PERIOD.