Jon Cunliffe signals he will vote against increase amid lack of strong wages growthA Bank of England deputy governor has signalled he is unlikely to vote for an interest rate rise while wage increases remain more subdued than the Bank’s forecasts.
In a speech in Cumbria,Jon Cunliffe said the lack of strong wages growth meant there was a case for “stodginess” or caution before raising interest rates, leaving him loney on the nine-strong monetary policy committee.
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Source: theguardian.com