share_log

英国央行酝酿降息之际 英国3月薪资同比增速略超预期

As the Bank of England is preparing to cut interest rates, the year-on-year wage growth rate in the UK in March slightly exceeded expectations

Zhitong Finance ·  May 14 03:52

According to the data, the average wage in the UK for three months excluding dividends increased 6.0% year on year in March, which is the same as the previous value and slightly higher than the 5.9% expected by the market.

The Zhitong Finance App learned that data released on Tuesday showed that the average wage in the UK for three months excluding dividends in March increased 6.0% year on year, the same as the previous value, and slightly higher than the 5.9% expected by the market. Wage growth is one of the Bank of England's key concerns when considering interest rate cuts. Although the Bank of England hinted last week that interest rates may be cut for the first time as early as June, the central bank is still closely watching for any signs that the UK's still strong wage growth may trigger a comeback in inflation.

UK Chancellor of the Exchequer Hunt said in a statement: “This is the tenth month in a row that wages are growing faster than inflation, which will help reduce the cost of living pressure on British households.”

Data released on Tuesday also showed that the average wage in the UK for three months including dividends increased 5.7% year-on-year in March, higher than the previous value of 5.6% and the 5.5% expected by the market. Fixed wages in the private sector — a key indicator the Bank of England is concerned about — declined slightly from 6.0% to 5.9% year over year in the three months ending February. Furthermore, the UK unemployment rate (according to ILO standards) rose to 4.3% in March, in line with market expectations and higher than the previous value of 4.2%.

Despite strong wage growth, unemployment figures seem to suggest that the UK labour market is cooling down. Liz McKeown, head of economic statistics at the UK Office for National Statistics, said: “We continue to see initial signs that the job market is cooling down. The number of employed and employed workers in our household surveys has declined in recent periods.”

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment