Pantheon Macroeconomics - April's labour market data show that slack in the job market is no longer declining, while wage growth still isn't recovering. As a result, we no longer think that the MPC will raise Bank Rate in August and now expect the Committee to stand pat until the
first half of 2019.

U.K. | 13 June 2018 Labour Data are Simply too Weak for the MPC to Hike in August
April's labour market data show that slack in the job market is no longer declining, while wage growth still isn't recovering. As a result, we no longer think that the MPC will raise Bank Rate in August and now expect the Committee to stand pat until the first half of 2019.

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13 June 2018 Labour Data are Simply too Weak for the MPC to Hike in August

By Samuel Tombs

April's labour market data show that slack in the job market is no longer declining, while wage growth still isn't recovering. As a result, we no longer think that the MPC will raise Bank Rate in August and now expect the Committee to stand pat until the first half of 2019.

Posted: 12th Jun 2018 in 'U.K.'

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