BoE’s Mann: UK wage growth is still a concern for inflation

Dhwani Mehta FXStreet

In an Economics Show podcast with the Financial Times (FT), Bank of England (BoE) policymaker Catherine Mann warned that “UK wage growth is still a concern for inflation.”

Additional quotes

Goods and services prices were set to rise again, and wage pressures in the economy could take years to dissipate.

Still concerned about upside risks to inflation despite the main rate remaining at the bank’s 2 percent target in June.

Had moved down from 10 to seven on a scale of “hawkishness” since the start of the year as price pressures eased.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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