BoE’s Shafik says wages key to rate hike
Deputy governor says economy has been difficult to read in recent years
Wage growth is an important weakness amid an otherwise promising recovery in the UK, and is an area Minouche Shafik will be watching closely in the coming months as the decision on when potentially to hike rates comes into 'sharper relief'.
Speaking at London's Institute of Directors today (December 14), the Bank of England (BoE) deputy governor noted the UK economy was displaying some unusual behaviour, making the outlook harder to read than usual.
In particular, many real variables are "at or
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