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.

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    RECENT NEWS

    MPC HOLDS RATES…………FOR NOW

    February 8, 2018

    Bank of England’s Monetary Policy Committee (MPC) today left Bank Rate and QE unchanged, as widely if not universally expected. What was unexpected was the latest “forward guidance” that the next rate increase is likely to happen sooner than later … Continue reading

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