0959 GMT - Stronger-than-expected U.K. jobs data could restrict the Bank of England to only one more interest-rate cut in 2025, Berenberg's Andrew Wishart says in a note. U.K. average wage growth excluding bonuses in the 3-months to December increased to 5.9%, from 5.5% in the 3-months to November. The strong increase in wage growth is likely to drive up U.K. inflation, reducing the chances of BOE interest rate cuts, Wishart says. Markets price in two interest-rate cuts of 25 basis points each in 2025, LSEG data show. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
February 18, 2025 04:59 ET (09:59 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。