UK

Bank of England analysis: Little hope for June rate cut amid hot wage growth

Fresh labour market data comes as traders believe the regulator has already made up its mind about the impossibility of an interest reduction next week

Today's UK labour market data from February to April put annual growth in average weekly wages, including bonuses, at 5.9 per cent. Picture: Getty

Business Post subscribers can read:

• Analysis of today’s labour market data

• How the upcoming election might influence the Bank of England’s decision making

• The likelihood of an August rate cut

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