BoE's Ramsden: labour market provides reassurance on inflation

BoE Deputy Governor Ramsden said the labour market gives him reassurance on inflation. The remark suggests he views labour market conditions as not contributing to persistent price pressures. This aligns with his earlier comment that domestic inflation is relatively benign. The statement may reinforce expectations that the BoE sees no urgent need for further tightening. However, the comment is brief and from a single source. Further BoE communications or UK labour data will be watched for confirmation.