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January 25, 2016

BOE Forbes: Want to See Faster Wage Growth Before Raising Rates

Henry Jackson Society

Originally published by The Wall Street Journal.

Kristin Forbes will say in a speech that wage growth is too slow in the U.K. to bring inflation back to its 2% annual target.

Speaking at an event hosted by the Henry Jackson Society: ‘A Tale of Two Labour Markets: The UK and US Models and Impact on Growth and Interest Rates’, Kristin Forbes discussed the issues that face the UK, ultimately limiting its ability to reduce inflation to its original 2% target.