UK wage growth slows to 3.8 percent as hiring stabilizes
UK wage growth slowed to 3.8 percent in the quarter to January. The Bank of England is expected to hold rates today amid rising energy costs and global risks.
Xurve View
Xurve View
Wage growth in the United Kingdom has slowed to its weakest pace in over five years, providing some relief to the Bank of England as it balances domestic cooling against global energy risks. Regular earnings grew by 3.8% in the three months to January, down from 4.1% in the previous quarter and slightly below market expectations. This deceleration comes as the central bank prepares to signal its next policy moves amid heightened tensions in the Middle East.
