- BoE’s Ramsden: Recent wage growth not consistent with 2.0% inflation target
Market news
17 tháng 11 2023
BoE’s Ramsden: Recent wage growth not consistent with 2.0% inflation target
Bank of England (BoE) Deputy Governor Ramsden made some comments on the UK wage inflation during his appearance on Friday.
Key quotes
Other wage data suggest wage growth probably peaked at 7.0% rather than 8.0% in official series
Either way, recent wage growth not consistent with 2.0% inflation target.
Weakness of supply capacity is a real feature of the UK economy.
Weak supply capacity is relevant to the UK monetary policy.
Market reaction
At the time of writing, GBP/USD is adding 0.10% on the day to trade at 1.2417.
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page