Martin Weale said a surprise "pause in wage growth" and further falls in commodity prices made the need for tighter policy "slightly less immediate". "The factors pushing down on inflation have become a bit more prolonged," he said in an interview with the Telegraph. Mr Weale said the Monetary Policy Committee (MPC) that sets interest rates had more "breathing space" to assess how these factors would affect inflation, as he noted that there had been "very little wage growth" over the past six months. "I initially thought that the weak wage growth was a wobble that represented stray numbers that you get once or ... (full story)