Bank of England policymaker Megan Greene warned that UK pay settlements of around 3.5% next year could slow progress in bringing InflationA broad rise in prices that reduces money’s purchasing power. Central banks watch inflation because it affects interest-rate decisions.Read More back to the 2% target. She said limited wage disinflation remains a concern for policymakers.
Bank of England policymaker Megan Greene said on 8 October that early indications point to pay settlements of around 3.5% next year. Speaking in Cape Town, she expressed concern that wages were not slowing enough to help inflation return to 2%. The figure is an outlook, rather than a realised wage reading. Her comments are a new policy assessment, not an announcement of a rate increase.
| Item | Value | Why it matters |
|---|---|---|
| F1 | ATTRIBUTED_INTERPRETATION | Greene expressed concern about insufficient wage disinflation. |
