The Bank of England (BoE) last week revealed that unemployment is falling faster than previously expected. While great news for workers facing depressing labour figures, there are also extensive connotations for institutional investors.
When taking the reins at the bank earlier this year, governor Mark Carney set an unemployment threshold of 7%. Once this is reached, Carney said, the bank would consider raising interest rates. ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
