Wages in Britain should start rising - BoE's Fisher

Reuters

(Reuters) - Real wages in Britain should start rising, Bank of England policymaker Paul Fisher said in an interview with a local newspaper on Wednesday.

"Inflation is coming down and wages should be capable of going up, as long as they are justified by what individual firms are doing," Fisher told the Mirror. (http://r.reuters.com/wat53v)

Fisher also sounded unconcerned about a recovery in prices in the UK's housing market.

"Lots of previous credit cycles have involved some sort of boom and bubble and bust in the housing market, but there is not much sign of that at the moment," he was quoted as saying.

(Reporting by Karen Rebelo in Bangalore and William Schomberg in London; Editing by Steve Orlofsky)

Rates

View Comments