Skip to content
Subscriber Only

Carney Says BOE Rate May Rise Before Wages, Sunday Times Reports

Bank of England Governor Mark Carney said officials may raise the key interest rate before workers’ pay increases, according to a Sunday Times interview.

“We have to have the confidence that prospective real wages are going to be growing sustainably” before raising borrowing costs, he said. “We don’t have to wait for the fact of that turn to raise them.”