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Carney’s Committee Diverges on U.K. Wage-Growth Confusion

Mark Carney’s focus on weak wages to keep record-low borrowing costs is up against one key foe: the strongest economic growth in the Group of Seven.

Minutes of the Monetary Policy Committee’s August meeting this week will show how the nine members voted when they kept the key rate on hold and where the fault lines in their thinking lie. Last month, some said the threat to the recovery from an increase had reduced as growth becomes “more established.”