Wage growth too crude a gauge for next BoE rate hike - Tenreyro

By Kitco News / January 15, 2018 / www.kitco.com / Article Link

LONDON, Jan 15 (Reuters) - Wage growth alone is too crude a gauge to judge when the Bank of England should next raise interest rates, and instead the central bank needs to consider productivity trends and other factors, BoE policymaker Silvana Tenreyro said on Monday.

Tenreyro, speaking after a lecture at Queen Mary University of London, also said there were "huge" problems measuring the size of Britain's economy, as well as assessing the productivity of self-employed workers, whose numbers rose significantly after the financial crisis.


(Reporting by David Milliken; Editing by Alison Williams)

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