UK Average Earnings excl. Bonus (3Mo/Yr) (Dec) 4.2% vs. Exp. 4.2% (Prev. 4.4%, Rev. From 4.5%, Low. 4.2%, High. 4.6%)
Newsquawk Staff ·
UK Average Earnings excl. Bonus (3Mo/Yr) (Dec) 4.2% vs. Exp. 4.2% (Prev. 4.4%, Rev. From 4.5%, Low. 4.2%, High. 4.6%)
What it means
The UK Average Earnings excluding Bonus data came in at 4.2%, matching expectations but down from a previous 4.4%. This confirms a slight deceleration in wage growth, which could lend support to the Bank of England's current narrative on inflation and interest rates, potentially muting any hawkish sentiment in the near term.
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