GBP MPC Member Ramsden Speaks
BOE MPC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy;
MPC voting member Sep 2017 - Sep 2027;
- History
Expected Impact / Date | Description |
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Apr 19, 2024 | Due to participate in a panel discussion titled "What Caused the Inflation, and What Central Banks Did" at the Peterson Institute for International Economics Conference, in Washington DC; |
Feb 27, 2024 | Due to speak at the Association for Financial Markets in Europe's Bond Trading, Innovation and Evolution Forum, in London; |
Dec 15, 2023 | Due to speak about the BOE's resolution regime at the Deloitte Academy, in Cyprus. Audience questions expected; |
Nov 27, 2023 | Due to participate in a panel discussion titled "Inflation, Financial Stability and Employment" at the Hong Kong Monetary Authority and Bank for International Settlements High-Level Conference, in Hong Kong; |
Nov 17, 2023 | Due to speak about monetary policy at the Society of Professional Economists Annual Conference, in London; |
Nov 16, 2023 | Due to participate in a panel discussion titled "Evolution of liquidity risk in an environment of higher interest rates" at the Annual European Systemic Risk Board Online Conference; |
Jul 19, 2023 | Due to speak about quantitative tightening at an event hosted by the Money Macro and Finance Society, in London; |
Feb 7, 2023 | Due to deliver welcoming remarks at a virtual event hosted by the Royal Economic Society’s Women’s Committee and Bank of England; |
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- GBP MPC Member Ramsden Speaks News
- From notayesmanseconomics.wordpress.com|Apr 22, 2024
On Friday evening we got quite a significant policy speech from the Bank of England. This is partly because of its structure as of the 9 members of the Monetary Policy Committee some 5 of them are “insiders” under the patronage of the Governor. So if the operate as a pack which they usually do they can overrule the 4 external members in theory. In practice we have a situation where Governor Bailey has suggested he may soon be considering interest-rate cuts and we already have one external member ( Swati Dhingra) voting for them. So ...
- From bankofengland.co.uk|Apr 19, 2024|1 comment
Thank you to the Peterson Institute for the invitation to participate in today’s event focussing on the CEPR volume on monetary policy responses to the post-pandemic inflation1 . In line with the title of this panel I want to provide an update on my assessment of the evidence on what has caused the UK’s inflation2 . This evidence covers the key indicators of inflation and in particular persistence as well as associated analysis and what this implies for the extent to which the risks from persistence are receding. Economic forecasters have had a challenging time over the last few years in forecasting the inflation process, given the series of unprecedented and overlapping shocks which have hit the global economy. These challenges were highlighted in Ben Bernanke’s comprehensive review of the Bank’s approach to, and use of forecasting published last week. A key recommendation of the Bernanke review is that the Bank should make more systematic use of scenarios in framing the outlook for inflation and the implications for monetary policy, in a world characterised by greater uncertainty and significant structural changes. The Bank has committed to implementing all the recommendations of the review. As someone who has used scenarios throughout my career, I think this is the right direction for the Bank to go in. But we should travel with a high degree of humility, given the ongoing uncertainties a post: BOE'S RAMSDEN: THERE ARE LIKELY TO BE BUMPS IN THE DISINFLATION PROCESS FROM ONE MONTH TO THE NEXT. post: BOE'S RAMSDEN: THIS LEAVES THE UK AS LESS OF AN OUTLIER AND MORE OF A LAGGARD IN TERMS OF RECENT INFLATION PERFORMANCE. post: BOE'S RAMSDEN: INFLATION STAYING CLOSE TO THE 2% TARGET OVER THE WHOLE FORECAST PERIOD IS AT LEAST AS LIKELY AS THE FEBRUARY 2024 FORECAST. post: BANK OF ENGLAND MPC MEMBER DAVE RAMSDEN AT PETERSON INSTITUTE PANEL: I HAVE BECOME MORE CONFIDENT THAT THE RISKS OF PERSISTENT INFLATION ARE RECEDING #bankofengland #boe #daveramsden #monetarypolicy #interestrates #inflation #ukeconomy
- From bnnbloomberg.ca|Feb 27, 2024
The Bank of England may sell all the UK government bonds bought under quantitative easing to better prepare for a future crisis, a move that would put it at odds with the US Federal Reserve. BOE Deputy Governor Dave Ramsden, who oversees financial markets, said officials may continue running down the QE portfolio, which peaked at £895 billion, even after hitting the “preferred minimum range of reserves.” The remarks at an event held by the Association for Financial Markets in London shed more light on how the UK central bank is ...
- From bankofengland.co.uk|Feb 27, 2024|1 comment
Thank you to AFME for the invitation to speak at this first forum on bond trading, innovation, and evolution. Given my responsibilities at the Bank my remarks will focus on our perspective of the main themes of the forum in terms of our involvement in and engagement with these key sterling wholesale markets in the financial system. Today’s conference is well timed to take stock of the evolution of the Bank’s trading relationship with a core part of these markets, the market for gilts, through the MPC’s quantitative tightening (QT) programme, a key element in the normalisation of our balance sheet. The amount of gilts held in the Bank’s Asset Purchase Facility (APF) on behalf of the MPC reached a peak of £875bn in early 2022 and has since fallen back to £735bn.footnote[1] As a share of outstanding government debt, the share has fallen from 35% to 31%. post: <GBP=>:
*BOE'S RAMSDEN SAYS STARTING TO NORMALIZE BALANCE SHEET *BOE'S RAMSDEN SAYS CAN'T TAKE STABILITY FOR GRANTED *BOE'S RAMSDEN SAYS MARKETS `TRANSITIONING TO A NEW NORMAL' post:
BOE'S RAMSDEN: I SUPPORT THE MORE BALANCED OUTLOOK ON RISKS TO INFLATION SET OUT IN THE MPC’S LATEST FORECASTS. post:
BOE'S RAMSDEN: MARKETS ARE TRANSITIONING TO A NEW NORMAL. post:
BOE'S RAMSDEN: I AM LOOKING FOR MORE EVIDENCE ABOUT HOW ENTRENCHED THIS PERSISTENCE WILL BE AND THEREFORE ABOUT HOW LONG THE CURRENT LEVEL OF BANK RATE WILL NEED TO BE MAINTAINED.
- From bankofengland.co.uk|Dec 15, 2023
Good morning. It’s a great pleasure to be able to speak to you today on the subject of resolution. Thank you to the Deloitte Academy for hosting. A key lesson I took from working in HM Treasury during the global financial crisis is that a credible resolution regime for banks is a cornerstone of financial stability and essential to protect the public purse. Without resolution, there were only two choices in that crisis: let banks enter insolvency and cause huge disruption, or bail them out with taxpayers’ money. The UK chose the ...
- From @LiveSquawk|Nov 27, 2023
post: BoE Deputy Gov Ramsden: UK Inflation More 'Homegrown'Bank of England's Ramsden monetary policy to be restrictive for an extended period of time Bank of England Deputy Governor Ramsden: • Says monetary policy is likely to need to be restrictive for an extended period of time to get inflation back to 2% target. • UK inflation is more homegrown. chart BoE Bank rate.
- From youtube.com/hkmasmarttips|Nov 27, 2023
The Hong Kong Monetary Authority (HKMA) and the Bank for International Settlements (BIS) co-host the HKMA-BIS High-Level Conference on 27-28 November 2023 in Hong Kong to commemorate the 30th anniversary of the HKMA and the 25th anniversary of the BIS Representative Office for Asia and the Pacific. We expect over 300 participants attending the Conference, including incumbent and former central bank governors, regional and local CEOs of financial institutions, and leading experts from Hong Kong and other parts of Asia. The Conference ...
- From bnnbloomberg.ca|Nov 17, 2023
Bank of England Deputy Governor Dave Ramsden signaled that the latest market path for interest rates is too loose to get inflation back to target sustainably. In a speech in London, Ramsden said the “evolution of the market curve” since the BOE’s latest set of forecasts at the start of November “other things equal, would mean that financial conditions were less restrictive.” The BOE held rates this month at 5.25% and stressed that monetary conditions will need to remain tight for some time. The current policy is “higher for longer” ...
Released on Apr 19, 2024 |
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Released on Dec 15, 2023 |
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