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Bailey asked on forecasting and notes DMP shows wage settlements coming down

BOE
  • Asked on forecasting. Bailey says we use a suite of models. Staff use different models and new models and will look at the 70s with some of those models (in response to a Q on whether the 70s are looked at).
  • Bailey says on the DMP Survey - wage settlements have started to come down to 5%. Question is will that continue to come down? That's importnt for policy decisions now.

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