BOE's Ramsden: Latest projections indicate mon pol to be restrictive for extended period

<ul><li>Latest projections indicate that monetary policy is likely to need to be restrictive for an extended period</li><li>Mon pol will need to be sufficiently restrictive to for sufficiently long to return inflation to 2% target</li><li>I do not judge that there are any financial stability grounds for adjusting our approach to mon pol or the level of interest rates</li></ul><p>Cable is up 19 pips to 1.2438 today.</p>

This article was written by Adam Button at www.forexlive.com.