LONDON, April 25 (Reuters) - Bank of England Deputy
Governor Ben Broadbent said that there were signs that inflation
pressures were easing in Britain, despite the latest official
data showing less of a fall than most economists had expected.
"In the last three months, notwithstanding the release we
had last week, there are signs in the official data and also in
the surveys of some of that pressure starting to come off - not
nearly to the extent that we need it to, but some of it just may
be beginning to turn," he said.
Broadbent was answering audience questions after giving a
speech on the money supply and inflation at the National
Institute of Economic and Social Research.
Asked if the BoE would consider raising interest rates by
half a percentage point at its next meeting in May, Broadbent
said the central bank did not rule out specific moves before its
monetary policy meetings.
(Reporting by David Milliken, editing by Andy Bruce)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.