11 Nov 2015
Wage growth remains low – BoE’s Haldane
FXStreet (Edinburgh) - BoE’s Chief Economist Andrew Haldane was on the wires today, stressing that the current level of interest rates feels ‘about right’. He added that rate hikes will be gradual and lower than previous ones.
He has also signalled that wage growth remains low, while the economic recovery looks robust despite weak price pressures.
GBP/USD remains in the positive territory in the mid-1.5100s, coming down from the 1.5180 area following Haldane's comments.
He has also signalled that wage growth remains low, while the economic recovery looks robust despite weak price pressures.
GBP/USD remains in the positive territory in the mid-1.5100s, coming down from the 1.5180 area following Haldane's comments.