Bank of England Official on Interest Rates, Unemployment

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Recorded11 Nov 2025

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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.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.

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