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Evening Standard
Evening Standard
Henry Saker-Clark

Appropriate to be cautious says Bank deputy as ‘wages still too high’

Clare Lombardelli United States Inflation United Kingdom PA Graphics

A deputy governor of the Bank of England has said “caution remains appropriate” in fiscal policy decisions despite a slowdown in UK inflation in recent months.

Wages are still growing too fast for inflation to sustainably come down to the 2% target, said Clare Lombardelli, deputy governor for monetary policy.

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