EPISODE · Dec 17, 2024 · 3 MIN
How is wage growth affecting the UK’s interest rate trajectory? | Morning Markets
from True Potential Morning Markets · host True Potential
Paul Durrans, Investment Director, looks at the latest UK wage growth data which despite a lagging economy, surprised analysts by exceeding expectations. While wage growth is supportive for greater consumption, it is inflationary and if UK inflation figures come in stronger than the expected 2.6%, the market may challenge Bank of England Governor Andrew Bailey on the current 1% interest rate cut planned in 2025.
What this episode covers
Paul Durrans, Investment Director, looks at the latest UK wage growth data which despite a lagging economy, surprised analysts by exceeding expectations. While wage growth is supportive for greater consumption, it is inflationary and if UK inflation figures come in stronger than the expected 2.6%, the market may challenge Bank of England Governor Andrew Bailey on the current 1% interest rate cut planned in 2025.
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How is wage growth affecting the UK’s interest rate trajectory? | Morning Markets
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