Ben Broadbent says the 'norm' of pay growth may have adjusted to the period of low productivity after the financial crisis
Britain's rate of wage growth is not certain to increase any time soon, despite signs of skills shortages, according to Bank of England deputy governor Ben Broadbent.
The Bank has said it does not intend to raise interest rates until there is a clear prospect of stronger wage growth, and so far the picture remains murky, Broadbent told central bankers at an annual conference in Jackson Hole, Wyoming.
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