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.
This story is from the December 19, 2023 edition of The Herald.
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This story is from the December 19, 2023 edition of The Herald.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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