Pantheon Macroeconomics - Markets were right to conclude that September's slightly weaker average weekly wage figures will have little impact on the MPC's decision on when to raise official interest rates. Fundamentally, wage pressures are building and likely will contribute to pushing CPI inflation back to its 2% target towards the end of 2016.

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12 Nov. 2015 Slight Weakening in Wage Growth Won't Delay the MPC

By Samuel Tombs

Markets were right to conclude that September's slightly weaker average weekly wage figures will have little impact on the MPC's decision on when to raise official interest rates. Fundamentally, wage pressures are building and likely will contribute to pushing CPI inflation back to its 2% target towards the end of 2016.

Posted: 12th Nov 2015 in 'U.K. Documents'

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