Bank of England Deputy Governor Dave Ramsden said on Thursday that he was more pessimistic on the UK economic growth forecast than the central bank, and cautioned that a "no-deal, no-transition" Brexit would be the biggest risk to the economy.
Ramsden said he is more pessimistic on GDP growth forecast than his colleagues on the Monetary Policy Committee. The policymakers sees more downside risks to productivity and is less optimistic about the recovery in investment.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.