London, Oct 15, 2024 (AFP) - UK rate cut expectations rise as wage growth eases

NAMPA / AFP

2024-10-15

Britain's unemployment rate and growth in wages have eased, official data showed Tuesday, cementing analyst expectations that the Bank of England will resume cutting interest rates next month. The unemployment rate dipped to 4.0 percent from 4.1 in the three months to the end of August compared with the three months to the end of July, the Office for National Statistics said in a statement. Annual growth in employees' average regular earnings dr......

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