Wage growth has turned around and that will feed through into higher inflation – BOE’s Forbes

FXStreet (Mumbai) - Bank of England (BOE) Monetary Policy Committee Kristin Forbes today, once again expressed her bullish view, suggesting the bank will need to start thinking about a rate lift-off as wage across the UK has started to grow that would translate in to higher inflation eventually.

Forbes noted, “Wage growth has turned around and we expect it to continue to strengthen. At some point that will feed through into higher inflation,"

Speaking further, she said that "strong underlying fundamentals" in the economy would mean the BoE would need to start thinking about raising interest rates.