UK UNEMPLOYMENT RATE LOWEST FOR 42 YEARS BUT WAGE INFLATION SLUGGISH

The headline rate for UK employment fell to 4.4% which was lower than market expectations. This equates to a jobless total of 1.484 million while headline weekly earnings growth in June was slightly above expectations too at 2.1% but with inflation running at 2.6%, these numbers are hardly likely to concern The MPC in terms of a bank Rate rise.

  • Bank Rate

    Key Facts

    Current Bank Rate Inflation Target0.25%
    View past decisions Next due:
    2 Nov 2017
    Quantitative Easing Asset Purchase Programme Inflation Target£435 bn
    More information Next due:
    2 Nov 2017
    Corporate Bond Purchases Inflation Target£10 bn
    More information  
    Current Inflation Inflation Target3.0%
    Target 2.0% Next due:
    14 Nov 2017
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