UK interest rate cuts less likely after pay growth accelerates – business live
Rolling coverage of the latest economic and financial newsCity traders are scrambling to readjust their expectations for UK interest rate cuts, following this morning’s acceleration in UK wage growth.The money markets now indicate there’s just a 7% chance that the Bank of England cuts interest rates on Thursday, down from around 15% yesterday.The increase in regular private sector pay growth in October will increase the Bank of England’s concerns about a resurgence in inflation despite the weak news on activity. Continue reading...
Rolling coverage of the latest economic and financial news
City traders are scrambling to readjust their expectations for UK interest rate cuts, following this morning’s acceleration in UK wage growth.
The money markets now indicate there’s just a 7% chance that the Bank of England cuts interest rates on Thursday, down from around 15% yesterday.
The increase in regular private sector pay growth in October will increase the Bank of England’s concerns about a resurgence in inflation despite the weak news on activity. Continue reading...
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