Weakness of wages is one puzzle of recovery – BOE’s Haldane

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 24, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Mumbai) - Bank of England’s (BOE) Haldane’s view published in an annual report on the (BOE) website reveals the policymaker sees evidence of a slowdown in the wage growth and finds it puzzling.

    Key Quotes

    The balance of risks around UK GDP growth and inflation skewed materially to the downside

    Has a neutral stance on the future direction of monetary policy

    Policy needs to be poised to move in either direction depending on how risks and data plays out

    Third phase of GFC from emerging markets to be reasonably protracted
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