Carney's Rate Dilemma Isn't Getting Any Easier
- Data shows price growth quickening, subdued wage growth
- Thursday’s BOE announcement may hint at step toward tightening
Carney Sees Scope For BOE Hike Over Coming Months
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The Bank of England’s Monetary Policy Committee is grappling with a familiar trade-off and something might have to give soon.
The U.K.’s inflation rate is on the rise again -- nearing a five-year high last month -- while wage growth remains stubbornly low, hurting consumers. That’s sharpening the dilemma Governor Mark Carney and fellow policy makers face as they try to assess whether they need to begin unwinding some of the Brexit stimulus they put in place last year.