Of course, a rise in overall prices is not favorable for households if focusing only on the rise. What is important is that it should accompany improvement in the employment and income situation so that households can accept price rises (Chart 9). On this point, employee income, which is calculated as wages per employee multiplied by the number of employees, has continued to increase.
Mark Carney: Global liquidity Remarks by Mr Mark Carney, Governor of the Bank of Canada and Chairman of the Financial Stability Board, to the Canada-United Kingdom Chamber of Commerce, London, 8 November 2011. *  *  *  Introduction It is a pleasure to be in London and an honour to speak in Drapers’ Hall.