Photographer: Chris Ratcliffe/Bloomberg

U.K. Wage Pressures Ease in Face of Tightening Labor Market

  • Pay growth excluding bonuses slows to 2% August to October
  • Economists see BOE raising key rate in 2Q at the earliest

U.K. wage growth slowed more than economists forecast, reinforcing the case for the Bank of England to keep borrowing costs at a record-low for now.

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