Free Trial

MNI BRIEF: Rising UK Wage Growth, Inflation Outlook-BOE Survey

(MNI) LONDON
(MNI) London

UK businesses still see inflationary pressures in the coming years, although only at a slightly faster pace than in seen in November, according to the December edition of the Bank of England Decision Makers' Panel survey.

The DMP survey sees CPI inflation expectations for 12 months ahead at 7.4%, up from 7.2% a month ago, with the 3-year ahead expectation 0.1% higher at 4.0%.

Worryingly for some policymakers on the BOE's Monetary Policy Committee, wage growth expectations again edged higher, with the outlook for the next 12 months 0.5 percentage points higher at 6.3%. However, firms reported that recruitment difficulties were easing, with just 71% of firms now seeing more challenging hiring conditions, down from 78% in November,

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
True
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
True

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.