Wage surge raises prospect of further interest rate hike
www.bbc.co.uk
Regular pay grew at 7.8% but the data has increased the possibility of another interest rate rise.
  • echo @ feddit.uk@feddit.ukOPMEnglish
    10·
    1 year ago

    Strong pay growth means the Bank of England could raise interest rates again in September, from the current rate of 5.25%.

    The jobless rate rose from 4% to 4.2%, while the number of people in employment ticked lower.

    Good to see the worst off will be hit the most as always.