Market needs to be allowed to work as people need to find job to use up the “slack” in the labour market. However, if the interest rates are to be increased, the ongoing process of employee hiring would be slowed down.
The comments come in the wake of the central bank having to manage the consequences of Brexit, including stoking inflation, whose widespread ramifications weren’t mapped out during the historic referendum.
Here is what the CEO of the world’s biggest asset manager had to say at the annual meeting of the Institute of International Finance.
