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Wage growth remains low – BoE’s Haldane

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 11, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    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.
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