BoE Taylor Cites January Wage Survey for Rates
Bank of England policymaker Alan Taylor stated that the upcoming January survey on wage expectations will be crucial for determining whether interest rates should rise. He noted that preliminary results in December will also help assess inflation pressures.
Bank of England policymaker Alan Taylor stated on Tuesday afternoon that upcoming corporate wage data will dictate his stance on raising interest rates. The remarks arrive as financial markets price in a potential rate hike following the central bank's November meeting. Taylor's vote remains pivotal for the path of borrowing costs across the United Kingdom.
