BoE’s Broadbent cites knock-on effects of the surge in prices to signal higher rates “for some time yet”

"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.

More to come...