BoE’s Ramsden says inflation could hold around 2% target over next three years

WASHINGTON (Reuters) – Bank of England Deputy Governor Dave Ramsden said on Friday that inflation could hold around the central bank’s 2% target for the next three years rather than rise higher as set out in the BoE’s most recent forecasts.

“For me the balance of domestic risks to the outlook for UK inflation, relative to the February … forecasts, is now tilted to the downside, with a scenario where inflation stays close to the 2% target over the whole forecast period at least as likely,” Ramsden said in comments prepared for a conference organised by the Peterson Institute for International Economics.

(Reporting by William Schomberg and David Milliken in London)