• Bank of England Governor Mark Carney: wages in the U.K. softer than expected by the BoE

Noticias del mercado

24 junio 2014

Bank of England Governor Mark Carney: wages in the U.K. softer than expected by the BoE

The Bank of England Governor Mark Carney testified before the Treasury Select Committee (TSC) today. He said:

  • Wages in the U.K. softer than expected by the BoE;
  • There has been more spare capacity in the labour market that can be absorbed before the interest rate hike;
  • Timing of any interest increases is not as important as the fact any interest rise will be "limited and gradual";
  • The interest rate hike will be driven by the U.K. economic data.
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