BOE’s Shafik is not convinced wage growth is at sustainable levels

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 14, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Mumbai) - The Bank of England (BOE) Minouche Shafik, while speaking in London, said she will not vote for a hike until convinced wage growth will be sustained at a level consistent with the inflation target.

    Key Quotes

    Not yet convinced wage growth at a sustainable level for 2% inflation target

    Sees rates rising more quickly than the path implied by the market curve at the time of last QIR if there no further downside risks

    MPC must remain flexible to in response to new data and events

    BOE doesn't plan to hold QE gilts indefinitely
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