Key Bank of England figure engages with Chamber members
A senior figure from the Bank of England this week engaged with businesses from across the region in a Greater Birmingham Chambers of Commerce roundtable.
Law firm and Chamber patron Pinsent Masons hosted the session with the Bank of England 's Deputy Governor for Markets and Banking, Sir Dave Ramsden (pictured).
Sir Dave spoke directly with a range of firms from different sectors to understand their views on key economic issues that businesses are currently facing, such as cost pressures, rising prices, and challenges related to recruitment.
Sir Dave has been Deputy Governor for Markets and Banking since 2017 and has responsibility for oversight of markets, banking payments and innovation, and resolution directorates.
He also sits on the Monetary Policy Committee, who voted 5-4 earlier this month to increase interest rates by 0.5 per cent amid rising concerns about high levels of inflation.
Erin Henwood, policy advisor at the Greater Birmingham Chambers of Commerce, said: “We were delighted to welcome Sir Dave Ramsden to Birmingham this week to discuss economic issues and concerns that local businesses are experiencing.
“As highlighted in our most recent Quarterly Business Report, firms remain highly concerned by rising levels of inflation, particularly as they continue to battle major economic headwinds. As such, the roundtable provided a fantastic opportunity for firms in a range of sectors to share their experiences in the current market and their outlook for upcoming activity.
“I strongly encourage all local firms to complete this quarter 's Quarterly Business Report to share how they have fared over the past few months and to outline their main priority areas of concern. ”