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BoE Gov Bailey: the usual transmission mechanism not yet being demonstrated on wages

Bank of England Governor Andrew Bailey spoke as part of a panel discussion on the sidelines of International Monetary Fund meetings in Morocco. over the weekend. said he was puzzled by the continued strength of pay growth in the UKsaid its not yet responded to the BoE's interest rate hikesincreases in borrowing costs were having an impact on employment numbers and in the housing marketMore:potential growth in the UK has fallen from 2.25-2.5% in the past to "at best, 1.5%" and “that complicates m...
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Posted: Oct 15 2023, 22:49
Author Name: forexlive
Views: 082568