"The further fall in wage growth in August, together with some signs that the labour market continued to loosen gradually, adds further support to widespread expectations that the Bank of England will cut interest rates."
"With the economy set to slow in the coming months, this is likely to add further downward pressure on labour market activity. We anticipate it will enable the MPC to cut interest rates in the upcoming November meeting."
"The headline here is that the trend in the labour market is still going in the right direction for 2% inflation, and that should support a steady stream of rate cuts from the Bank of England. Labour demand is cooling off and that is returning some slack to the market."
"With inflation falling, the pressure on bosses to up wage packets has lessened and as those nine rate setters consider whether to cut interest rates next month, the further slowing of wage growth is likely to be a check in the cut column."
Collection
[
|
...
]