Rate rise expected in early 2016 despite strong wage growth

clock

The Bank of England (BOE) is unlikely to increase interest rates until the beginning of next year even though real wages have grown 2.7% in a year, economists say.

Minutes from the Monetary Policy Committee (MPC) meeting earlier this month said the BOE would not be influenced by other central banks on the acceleration of rates. There was a unanimous vote t...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

PASA publishes guidance for trustees and providers to help protect member data

PASA publishes guidance for trustees and providers to help protect member data

Guidance will support ‘secure, future-ready pensions administration’

Holly Roach
clock 04 August 2025 • 1 min read
Buzz: Do you treat climate change as a core financial risk?

Buzz: Do you treat climate change as a core financial risk?

Climate change, AE minimum contribution rates, scheme board operations, BPA market

Professional Pensions
clock 04 August 2025 • 1 min read
Good News Corner: Zedra colleagues work with charity to bring corner of local park back to life

Good News Corner: Zedra colleagues work with charity to bring corner of local park back to life

Organisation has had a number of local charity days in recent weeks

Professional Pensions
clock 01 August 2025 • 1 min read
Trustpilot