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 December 19, 2023 edition of Manchester Evening News.
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This story is from the December 19, 2023 edition of Manchester Evening News.
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