No hints of interest rates cuts
Manchester Evening News|December 19, 2023
THE Bank of England needs to see clearer evidence that wage growth in the UK is slowing before it can think about cutting interest rates, a Bank policymaker has suggested.
No hints of interest rates cuts

Ben Broadbent, a member of the Bank's nine-member Monetary Policy Committee (MPC) which sets UK interest rates, said there is still a lot of uncertainty around how the economy is performing.

How quickly average wages are rising for workers in Britain is an important indicator for policymakers of whether there is pressure on inflation.

Mr Broadbent said, during a speech at the London Business School, that the MPC needs more certainty over the accuracy of current wage growth data.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM MANCHESTER EVENING NEWSView all
Ten Hag wants a £200k 'privacy wall' at Carrington
Manchester Evening News

Ten Hag wants a £200k 'privacy wall' at Carrington

ERIK ten Hag has reportedly requested a privacy wall to be built at United's training ground, costing the club £200,000.

time-read
1 min  |
October 10, 2024
"There is no reason to expect any sort of statement after Sir Jim's meeting'
Manchester Evening News

"There is no reason to expect any sort of statement after Sir Jim's meeting'

UNITED are yet to clarify Erik ten Hag's future following their executive meeting in London on Tuesday.

time-read
1 min  |
October 10, 2024
ETH says Ugarte needs time but it's hard to develop if he's not playing...
Manchester Evening News

ETH says Ugarte needs time but it's hard to develop if he's not playing...

ERIK ten Hag's decision to drop the two central defenders he had worked with previously and pushed to be reunited with at Old Trafford attracted plenty of attention this week, but it wasn't his only surprising selection call.

time-read
3 mins  |
October 10, 2024
BEV'S LOOKING TO GO CRAZY!
Manchester Evening News

BEV'S LOOKING TO GO CRAZY!

BEVAN French admits it will be 'a crazy feeling' if he can light up Saturday's Grand Final with another of his freakish tries.

time-read
2 mins  |
October 10, 2024
HAALAND ON 'GABGATE' 'What happens on the pitch stays on the pitch'
Manchester Evening News

HAALAND ON 'GABGATE' 'What happens on the pitch stays on the pitch'

STRIKER HAS ‘NO REGRETS' OVER THROWING BALL AT GAB

time-read
1 min  |
October 10, 2024
Root: Plenty of runs still to get
Manchester Evening News

Root: Plenty of runs still to get

JOE Root insists there are 'many more runs left to get' overhauling Sir Alastair Cook to become England's record Test run-scorer.

time-read
2 mins  |
October 10, 2024
'Local Retail Champions make our communities better places to live'
Manchester Evening News

'Local Retail Champions make our communities better places to live'

LOTTERY OPERATOR ‘EXCITED' TO RECOGNISE RETAILERS, SAYS ALLWYN CEO ANDRIA VIDLER

time-read
3 mins  |
October 10, 2024
Badenoch or Jenrick to lead Conservatives
Manchester Evening News

Badenoch or Jenrick to lead Conservatives

ROBERT Jenrick and Kemi Badenoch will go head-to-head in the final heat of the Conservative Party leadership contest, after James Cleverly was knocked out in the latest round of voting.

time-read
1 min  |
October 10, 2024
Letby told colleague of 'distress'
Manchester Evening News

Letby told colleague of 'distress'

CHILD serial killer nurse Lucy Letby told a colleague more than a year before her arrest she was worried she had \"maybe done something wrong\" to babies, an inquiry has heard.

time-read
2 mins  |
October 10, 2024
Idris acts to give youth a chance
Manchester Evening News

Idris acts to give youth a chance

IDRIS Elba has partnered with The Prince's Trust to launch a new project that aims to give a 'chance' to the young people of Manchester.

time-read
1 min  |
October 10, 2024