Higher wages and stronger economic growth needed before a rate-hike – BOE’s Vlieghe

FXStreet (Mumbai) - Speaking to the Sunday Times on Sunday, Bank of England (BOE) rate setter Gertjan Vlieghe, noted that he would want to see the wages tick higher before the BOE embarks on the policy normalization path.

Mr. Vlieghe further added that he would rather prefer to cut rates than expand the volume of the quantitative easing (QE) in case the BOE needs to loosen policy to counter negative shocks.