While the further rise in regular private sector pay growth in November will cause the Bank of England some unease, it will take comfort from the continued loosening in labour market activity. We still think the Bank will cut interest rates at the next meeting in February, from 4.75% to 4.50%, and continue to cut rates gradually thereafter.
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