Economics
BOE Rate Debate Sharpens as Labor Tightens Yet Wages Stay Feeble
- Data shows faster inflation and unemployment at a 42-year low
- U.K. central bank is meeting for rate decision on Thursday
Blanchflower Says a BOE Rate Raise 'Clearly Wrong'
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The most recent economic figures from the U.K. provided something for everyone on the Bank of England’s Monetary Policy Committee.
For those in favor of keeping rates on hold, tepid wage growth that’s lagging behind inflation is a sign consumers are struggling. For the hawks, however, the continued fall in unemployment and even faster price growth argue for getting ahead of the curve.