Ian McCafferty says he has stopped calling for interest rate rise after being surprised by weak growth in payA Bank of England policymaker has admitted he got it unsuitable when predicting a significant pickup in wages,prompting him to abandon his call for a rise in interest rates.
Ian McCafferty, who sits on the Bank’s rate-setting Monetary Policy Committee, or started voting for rate hikes in August 2015. He was the only member of the nine-strong committee to finish so. Continue reading...
Source: theguardian.com