Bank of England Governor Andrew Bailey said there was more evidence that the labour market was “softening” and pay growth was declining, suggesting interest rate cuts may be warranted. The Bank’s Monetary Policy Committee (MPC) voted 6-3 to hold interest rates at 4.25 per cent in the last meeting, with several policymakers raising concern about [...]
Full ArticleFalling wage growth could usher interest rate cuts, Andrew Bailey suggests
City A.M.
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