MNI: PBOC Net Injects CNY26.2 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.0830 Tues; +3.03% Y/Y

CHINA PBOC CONDUCTS CNY68.3 BLN VIA 7-DAY REVERSE REPOS TUES

CHINA SETS YUAN CENTRAL PARITY AT 7.0830 TUES VS 7.0723

MNI BRIEF: Fed’s Kashkari - Policy Still Tight After Cuts

MNI China Daily Summary: Monday, October 14

MNI: ECB Q3 ENTERPRISE CREDIT STANDARD +0

MNI: SPAIN SEP HICP -0.1% M/M, +1.7% Y/Y

MNI: FRANCE SEP HICP -1.3% M/M, +1.4% Y/Y

CANADA: Politics Week: Parliament Opens With Early Election Threats

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI BRIEF: UK Total Earnings Growth At Near 4-Year Low

Although still at uncomfortable levels for the BOE, earnings growth continues to slow.
Bank of EnglandGlobalCentral Bank NewsPolicy NewsHomepageCEEMEABriefUKStoryRegion

MNI (LONDON) - UK average earnings growth slowd in the three months to August, the Office for National Statistics said Tuesday, offering further solace for the Bank of England even if overall increases remain higher than policymakers would like.

Annual growth in employees' average regular earnings (ex-bonuses) was 4.9% in June to August, the lowest rate since the three months to June 2022. Total earnings (including bonuses) was 3.8%, the lowest since Nov 2020 (3.7%). This total annual growth is affected by the NHS and civil service one-off payments made in June, July and August 2023, the ONS noted.

Keep reading...Show less
130 words

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.

MNI (LONDON) - UK average earnings growth slowd in the three months to August, the Office for National Statistics said Tuesday, offering further solace for the Bank of England even if overall increases remain higher than policymakers would like.

Annual growth in employees' average regular earnings (ex-bonuses) was 4.9% in June to August, the lowest rate since the three months to June 2022. Total earnings (including bonuses) was 3.8%, the lowest since Nov 2020 (3.7%). This total annual growth is affected by the NHS and civil service one-off payments made in June, July and August 2023, the ONS noted.

Keep reading...Show less