Stronger Wage Growth Justifies Caution on Rates, Says BoEs Pill LONDON (Reuters) -Bank of England Chief Economist Huw Pill said on Friday that an expected rise in inflation this year would probably not lead to second-round price pressures, but that recent
Implications of current wage inflation − speech by Jonathan . . . One risk to our inflation forecast comes from wage growth To be clear, wage growth is a good thing, justly rewarding people for their efforts But from an inflation point of view, wage growth that is unmatched by productivity gains risks inflation, hence the interest in wage growth
Bank of England keeps rates on hold as growth prospects dim In a six-to-three decision on Thursday, the BoE Monetary Policy Committee maintained its benchmark rate at 4 75 per cent, with a majority expressing concern that recent increases in wages and