0821 GMT - The Bank of England will want to see wage growth slowing further before it can be confident that pay is no longer fuelling U.K. inflation to uncomfortable levels, ING economist James Smith says. Average pay growth was 5.6% on year in the three months to March, slowing from 5.9% in the previous period, figures show Tuesday. "The U.K. labor market is slowing, not collapsing, and that is translating into a steady fall in wage growth," Smith says. The BOE will want to see that trend continue, he says. For now, services inflation will be at the forefront for BOE rate-setters, who will be likelier to ease policy in August if that gauge proves softer than forecast, Smith says. (joshua.kirby@wsj.com; @joshualeokirby)
(END) Dow Jones Newswires
May 13, 2025 04:21 ET (08:21 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。