City investors and analysts downgraded their expectations of a rate cut at the next meeting of the Bank's Monetary Policy Committee (MPC) in June after figures from the Office for National Statistics revealed that regular earnings grew by an unchanged annual rate of 6% during the quarter.
Even more worryingly, April figures drawn from PAYE data showed pay going up by 6.9%, fuelled by high bonuses in the City and the 9.8% rise in the National Living Wage, which pushed growth in the hospitality sector to 9.2% in the month.
The stronger than expected wage growth means that "hawks" on the MPC might feel that inflationary pressures in the economy are still too strong to make it safe to vote for a rate cut in June.
この記事は Evening Standard の May 14, 2024 版に掲載されています。
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この記事は Evening Standard の May 14, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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