BOE’S BROADBENT CITES KNOCK-ON EFFECTS OF THE SURGE IN PRICES TO SIGNAL HIGHER RATES “FOR SOME TIME YET”

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"The knock-on effects of the surge in prices - such as pressure on employers to push up wages, which has led to record growth in pay - were unlikely to fade away as rapidly as they emerged," said Bank of England Deputy Governor Ben Broadbent while speaking at the annual Jackson Hole Symposium on Saturday per Reuters

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