BY ILONA BILLINGTON AND NATASHA BRERETON
LONDON—British unemployment rose sharply in January after two months of declines, highlighting the fragility of the economic recovery, while average earnings rose at a record-low pace for a third straight month, data showed Wednesday.
Minutes from the Bank of England's February Monetary Policy Committee meeting also showed policy makers were unanimous in their decision to suspend the bond-buying program in February, but that for some members it was a close call.
The releases keep the possibility of further BOE easing alive, and signal that the central bank will maintain loose policy for some time.
The Office for National Statistics said ...
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