UK wage growth hits 3.7 percent
UK wages grew by an annual 3.7 percent in the three months to August according to official data. Economists had mostly expected growth of 3.6 percent in wages excluding bonuses. The Bank of England continues monitoring inflation pressures.
United Kingdom wages grew by an annual 3.7% in the three months to August, according to official data released on Tuesday morning. The figure surpassed the 3.6% growth rate economists had polled by Reuters expected for wages excluding bonuses. The data arrives as the BoE weighs potential responses to energy price shocks.
