The sharp fall in employment and the jump in the unemployment rate in February suggest that wage growth will continue to slow even though the pace of decline appears to have eased. As long as that’s matched by a further easing in CPI inflation, then the Bank of England may be ready to cut interest rates in June even if the Fed is not willing to move until September.
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