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flag Bank of England deputy governor warns rising inflation to 3% complicates interest rate cuts.

flag Bank of England deputy governor Dave Ramsden warns of rising inflation risks, complicating the bank's plans for interest rate cuts. flag Inflation has risen to 3%, up from 2.5% last month, and higher wage growth adds to the challenge of bringing inflation back to the 2% target. flag Despite economic uncertainty, Ramsden supports a cautious approach to interest rates, noting risks on both sides of inflation.

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