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Evening Standard
Evening Standard
Business
Daniel O'Boyle

Bank of England rate setter: 'Clearer decline' in wage growth needed before interest rates will be cut

Ben Broadbent Interest Rates MPC Inflation Office for National Statistics

The Bank of England will need to see a “clearer decline” in wages before it can start cutting interest rates, deputy governor for Monetary Policy Ben Broadbent said today.

Speaking at the London Business School, Broadbent - one of nine Monetary Policy Committee (MPC) members who together set interest rates in the UK - discussed the official sources of data on the British economy. 

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