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BOE Deputy Governor's Inflation Concerns
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Bank of England Deputy Governor Dave Ramsden expresses concerns about the current market rates for interest rates not being sufficient to control inflation, warning about the persistence of high services inflation, a loosening labor market, and the economy's vulnerability to inflation.
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How might the Bank of England's decision to raise rates impact the broader economy and financial markets?
What are the potential implications of the BOE's inflation forecast for policymakers and the public?
What factors contribute to the persistence of high services inflation and the loosening labor market?
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