Bank of England Official on Interest Rates, Unemployment
Update: 2025-11-11
Description
Bank of England policymaker Megan Greene maintains stance on interest rates amidst rising unemployment and wage growth concerns. Despite unemployment reaching its highest level since the pandemic, Greene supports keeping rates steady, citing businesses adjustment to tax increases and minimum wage changes. However, she warns of potential inflationary pressures due to expected wage increases and high savings rates, suggesting that the current policy may not be restrictive enough.
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