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

2024.08.12 00:45

(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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