REFILED: Bank of England’s Cunliffe wants to see wage growth before backing rate hike | Reuters

LONDON (Reuters) - Bank of England Deputy Governor Jon Cunliffe - one of the two policymakers who opposed this month’s rise in interest rates - said on Tuesday he preferred to wait for clearer signs that wage growth is picking up before he backs higher rates. Britain's Deputy Governor of the Bank of England Jon Cunliffe speaks during the Bank of England's financial stability report at the Bank of England in the City of London, Britain June 27, 2017. REUTERS/ Jonathan Brady/PoolLimited evidence that the British economy was generating too much inflation pressure meant the BoE could afford to hold off on rates, rather than relying too heavily on theories about how growth, inflation and wages are linked, he said.

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