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

Buzz: Is the revival of the Pensions Commission a positive step forward?

Buzz: Is the revival of the Pensions Commission a positive step forward?

Pensions Commission, Governance for Growth Investor Campaign and gender pensions gap

Professional Pensions
clock 22 July 2025 • 1 min read
News Digest: UK launches review into state pension age

News Digest: UK launches review into state pension age

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 22 July 2025 • 1 min read
Pensions Commission relaunch marks decade of delay on adequacy

Pensions Commission relaunch marks decade of delay on adequacy

We all know what is needed but a commission is the only practical way to get there

Jonathan Stapleton
clock 21 July 2025 • 5 min read
Trustpilot