The continued weakness in the labour market and easing in pay growth will be welcomed by the Bank of England and slightly increases the chances that it will next cut interest rates at its policy meeting in December, from 4.00% now to 3.75%, rather than our forecast for February.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services