The likelihood that the UK will be included in the deflationary cycle is low, said a representative of the British Treasury. David Ramsden, Head of macroeconomic and fiscal policy in the Treasury, said that the effect of weakening the pound "softened" deflationary pressure from lower wages in the UK. "We must remain vigilant to the risk, but I still think that the UK is low probability of materializing," - he said the legislators at a meeting of the Ad Hoc Committee.
No comments:
Post a Comment