U.K. Pay Should Lose Heat, Animate BOE's Cutting Plans -- Market Talk

Dow Jones
02-18

1001 GMT - Slowing wage growth over the coming year should keep the Bank of England secure on its rate-cutting path, economist James Smith at bank ING writes in a note. Average U.K. wages grew more rapidly again at the end of last year, reaching 5.9%, figures show Tuesday. But other signs point to a loosening in the jobs market, which should translate into a gradual deceleration in pay packets, Smith says. Accompanied by an easing in inflation, "this should give the Bank more confidence to keep cutting rates," he says. ING expects the BOE to cut borrowing costs at a rate of once per quarter this year. (joshua.kirby@wsj.com; @joshualeokirby)

 

(END) Dow Jones Newswires

February 18, 2025 05:02 ET (10:02 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。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10