Loosening U.K. Labor Market Lowers Need for BOE Rate Hike -- Market Talk
Dow Jones06-12 20:29
1229 GMT - A rising U.K. unemployment rate and sluggish wage growth are likely to minimize the risk of second-round inflation effects, economists at TD Securities say in a note. The labor market weakness is likely to allow the Bank of England to keep interest rates on hold at 3.75% for a longer period, rather than raise rates to tackle inflation, the economists say. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
June 12, 2026 08:29 ET (12:29 GMT)
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