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Economic news

BOE’s Mann says UK wage growth still a concern for inflation, FT reports

08/12/2024

Less than a minute

2024.08.12 00:45

© Reuters. FILE PHOTO: Economist and member of the Bank Of England’s Monetary Policy Committee Catherine Mann poses for a photograph ahead of a speech at Manchester Business School in Manchester, Britain, January 12, 2023. REUTERS/Phil Noble/File Photo

(Reuters) – Catherine Mann, an external member of the BoE’s monetary policy committee, said that goods and services prices were set to rise again and wage pressures in the economy could take years to dissipate, in an Economics Show podcast with the Financial Times.

Mann told the FT she was still concerned about upside risks to inflation, despite the main rate remaining at the bank’s 2% target in June.

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08/12/2024

Less than a minute