Interest rate cut hopes raised as wage growth slows

Quick Summary:

Expectations of a rate cut next month increase as pay growth slows to its lowest rate for more than two years.

Toby Fowlston, chief executive of recruitment company Robert Walters, told the BBC there was currently a “lack of confidence” in hiring.

However, Ashley Webb, UK economist at Capital Economics, said this "isn't a sign that employment is booming".

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: BBC News

Category: Business

Markets: United Kingdom

Topics: Expectations Plans Number Interest Figures Bank Rights Costs Rates Rate

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-15 @ 07:37:55 (12 hours ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 494 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 23069107

View Article Analysis

About BBC Business

Main Topics: Business

Official Website: bbc.co.uk

Update Frequency: 5 posts per day

Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 9 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #43

Publisher Details

Frequently Asked Questions