Bank of England policymaker warns of rising inflation risk

Dave Ramsden highlighted rising inflation and weak economic growth (Henry Nicholls/PA) - (PA Wire)

Bank of England policymaker Dave Ramsden has backed the Bank’s “gradual and careful” approach to rate cuts, pointing to “increased uncertainty” in the economy.

Speaking in South Africa on Friday, Mr Ramsden, who is the bank’s deputy governor for markets and banking, pointed to the combination of rising inflation and weak economic growth.