With wage growth continuing to ease and signs that a further loosening in the labour market lies ahead, higher interest rates appear to be gradually working. But our view that wage growth will ease only slowly suggests that the Bank of England will keep interest rates at their peak of 5.25% until late in 2024.
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