Pressure cranking up on the Bank of England's policymakers to consider a rate rise as wages fall further behind prices



The Bank of England's governor Mark Carney and his fellow rate setters face an unenviable task when they meet this week in the wake of a stronger than forecast climb in inflation coupled with lacklustre wage growth.
As the new £10 notes launch, they are worth 2.9 per cent less in real terms than they would have been a year ago. This is well above the 2 per cent bullseye and perilously close to the 3 per cent point at which inflation is considered to be too high, and requiring a letter of explanation to the Chancellor.
The central bank's principle job is the maintenance of stable prices, and... read more

 
13 September 2017 in Business, Views: 50
Source: Daily Mail
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