ABU DHABI / WAM H.H. Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Deputy Chairman ...
Read More »Stagnant wages should stay Bank of England’s hand
Bank of England (BOE) policy maker Kristin Forbes suggested that the need to restrain inflation might “soon suggest an increase†is required in interest rates. The central bank’s latest survey of businesses, however, suggests weakening pay growth should persuade the bank to keep borrowing costs on hold. The bank’s regional agents regularly survey about 700 businesses around the U.K. ...
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