UK Markets close in 3 hrs 41 mins
  • FTSE 100

    7,182.51
    +74.74 (+1.05%)
     
  • FTSE 250

    18,753.60
    +159.12 (+0.86%)
     
  • AIM

    872.94
    -1.65 (-0.19%)
     
  • GBP/EUR

    1.1754
    +0.0054 (+0.46%)
     
  • GBP/USD

    1.1980
    +0.0058 (+0.4888%)
     
  • BTC-GBP

    17,072.48
    +208.57 (+1.24%)
     
  • CMC Crypto 200

    440.06
    +4.54 (+1.04%)
     
  • S&P 500

    3,845.08
    +13.69 (+0.36%)
     
  • DOW

    31,037.68
    +69.86 (+0.23%)
     
  • CRUDE OIL

    99.47
    +0.94 (+0.95%)
     
  • GOLD FUTURES

    1,743.10
    +6.60 (+0.38%)
     
  • NIKKEI 225

    26,490.53
    +382.88 (+1.47%)
     
  • HANG SENG

    21,643.58
    +56.92 (+0.26%)
     
  • DAX

    12,771.03
    +176.51 (+1.40%)
     
  • CAC 40

    5,989.01
    +76.63 (+1.30%)
     

Wage growth too crude a gauge for next Bank of England rate hike - Tenreyro

LONDON (Reuters) - Wage growth alone is too crude a gauge to judge when the Bank of England should next raise interest rates, and instead the central bank needs to consider productivity trends and other factors, BoE policymaker Silvana Tenreyro said on Monday.

Tenreyro, speaking after a lecture at Queen Mary University of London, also said there were "huge" problems measuring the size of Britain's economy, as well as assessing the productivity of self-employed workers, whose numbers rose significantly after the financial crisis.

(Reporting by David Milliken; Editing by Alison Williams)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting