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BoE's Broadbent: Further Evidence Needed To Conclude Downward Trend In Wage Growth

Por: RTTNews Business December 18, 2023

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Further evidence is required to conclude that wage growth is cooling, and for the Bank of England to consider interest rate cuts, Deputy Governor Ben Broadbent said Monday. There is a little more uncertainty than usual about the behavior of unemployment, Broadbent said in a speech at the London Business School. Official wage growth figures have been volatile and other indicators have exhibited slightly lower rates of growth through much of 2023,... + full article



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