Faster Decline in U.K. Wage Growth Should Allow More BOE Rate Cuts -- Market Talk

Dow Jones

May 13, 2025

1221 GMT - A faster deceleration in the U.K. wage growth should support more interest-rate cuts from the Bank of England, Bank of America economists say in a note. U.K. average wage growth, excluding bonuses, slowed to 5.6% in the three months to March from 5.9% in the three months to February. U.K. wage growth is likely to continue declining, allowing for more rate cuts, the economists say. Markets fully price in one more BOE interest rate cut, and a high possibility of a second rate reduction by the end of 2025. BofA expect three BOE rate cuts: in August, September and November, taking the policy rate to a low of 3.5%. (miriam.mukuru@wsj.com)

(END) Dow Jones Newswires

May 13, 2025 08:21 ET (12:21 GMT)

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U.K. average wage growth, excluding bonuses, slowed to 5.6% in the three months to March from 5.9% in the three months to February. U.K. wage growth is likely to continue declining, allowing for more rate cuts, the economists say. Markets fully price in one more BOE interest rate cut, and a high possibility of a second rate reduction by the end of 2025. BofA expect three BOE rate cuts: in August, September and November, taking the policy rate to a low of 3.5%. (miriam.mukuru@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 13, 2025 08:21 ET (12:21 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>Faster Decline in U.K. Wage Growth Should Allow More BOE Rate Cuts -- 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\">\nFaster Decline in U.K. Wage Growth Should Allow More BOE Rate Cuts -- 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 20:21</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1221 GMT - A faster deceleration in the U.K. wage growth should support more interest-rate cuts from the Bank of England, Bank of America economists say in a note. U.K. average wage growth, excluding bonuses, slowed to 5.6% in the three months to March from 5.9% in the three months to February. U.K. wage growth is likely to continue declining, allowing for more rate cuts, the economists say. Markets fully price in one more BOE interest rate cut, and a high possibility of a second rate reduction by the end of 2025. BofA expect three BOE rate cuts: in August, September and November, taking the policy rate to a low of 3.5%. (miriam.mukuru@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 13, 2025 08:21 ET (12:21 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":"BOE","symbol_name":"黑岩全球成长基金","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2535972026","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2535972026","pubTimestamp":1747138860,"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":"1221 GMT - A faster deceleration in the U.K. wage growth should support more interest-rate cuts from the Bank of England, Bank of America economists say in a note. U.K. average wage growth, excluding bonuses, slowed to 5.6% in the three months to March from 5.9% in the three months to February. U.K. wage growth is likely to continue declining, allowing for more rate cuts, the economists say. Markets fully price in one more BOE interest rate cut, and a high possibility of a second rate reduction by the end of 2025. BofA expect three BOE rate cuts: in August, September and November, taking the policy rate to a low of 3.5%. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BOE":"黑岩全球成长基金"},"translate_title":"英国工资增长更快下降应该会让英国央行进一步降息——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BOE":1},"content_text":"1221 GMT - A faster deceleration in the U.K. wage growth should support more interest-rate cuts from the Bank of England, Bank of America economists say in a note. U.K. average wage growth, excluding bonuses, slowed to 5.6% in the three months to March from 5.9% in the three months to February. U.K. wage growth is likely to continue declining, allowing for more rate cuts, the economists say. Markets fully price in one more BOE interest rate cut, and a high possibility of a second rate reduction by the end of 2025. BofA expect three BOE rate cuts: in August, September and November, taking the policy rate to a low of 3.5%. (miriam.mukuru@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 13, 2025 08:21 ET (12:21 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"}}}