- BoE’s Mann: UK wage growth is still a concern for inflation
Market news
12 August 2024
BoE’s Mann: UK wage growth is still a concern for inflation
In an Economics Show podcast with the Financial Times (FT), Bank of England (BoE) policymaker Catherine Mann warned that “UK wage growth is still a concern for inflation.”
Additional quotes
Goods and services prices were set to rise again, and wage pressures in the economy could take years to dissipate.
Still concerned about upside risks to inflation despite the main rate remaining at the bank’s 2 percent target in June.
Had moved down from 10 to seven on a scale of “hawkishness” since the start of the year as price pressures eased.
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