U.K. Pay Rises Slow Again, Keeping Bank of England on Course for Fresh Rate Cuts
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 12 2024
0mins
Source: WSJ
U.K. Wage Growth and Interest Rates: U.K. wages increased at a slower rate in September, which may lead to further interest rate cuts by the Bank of England (BOE) following its recent reduction of the key interest rate for the second time this year.
Economic Outlook and Uncertainties: The BOE indicated that additional rate cuts could occur if inflation stabilizes, but emphasized a cautious approach due to uncertainties surrounding the global economy and the new U.K. government's budget plans.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
