Bank of England Will Hope to See Further Slowdown in Pay Rises -- Market Talk

Dow Jones

May 13, 2025

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)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2535715442"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2535715442\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2535715442?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-05-13 16:21","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2535715442","market":"sg","top_or_hot":-1,"title":"Bank of England Will Hope to See Further Slowdown in Pay Rises -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     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) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 13, 2025 04:21 ET (08:21 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bank of England Will Hope to See Further Slowdown in Pay Rises -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBank of England Will Hope to See Further Slowdown in Pay Rises -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-05-13 16:21</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     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) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 13, 2025 04:21 ET (08:21 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4211","symbol_name":"区域性银行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2535715442","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2535715442","pubTimestamp":1747124460,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"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. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4211":"区域性银行","HOPE":"Hope Bancorp, Inc."},"translate_title":"英国央行希望看到加薪进一步放缓——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HOPE":1},"content_text":"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) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 13, 2025 04:21 ET (08:21 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}