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BOE DEPUTY GOVERNOR RAMSDEN: DOWNWARD TREND IN UK SERVICES PRICE INFLATION APPEARS TO HAVE SLOWED OR STOPPED
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The remark matters because services inflation is closely watched by the Monetary Policy Committee as a gauge of underlying price pressure and a key input for rate decisions. Traders will watch upcoming services CPI prints and the BOE’s next policy meeting for whether the slowdown resumes or the pause hardens.
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Dave Ramsden, Bank of England, UK services price inflation