A post by @FirstSquawk on X.
BAILEY SAYS PRIVATE WAGES AT UPPER END RANGE FOR INFLATION TARGET
@FirstSquawk on X
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Bank of England Governor Andrew Bailey said private-sector wage growth is running at the upper end of the range consistent with the 2% inflation target, signaling limited room for further easing in the labor market. The remark points to persistent domestic price pressure even as headline inflation has cooled, keeping the pace of future rate cuts in question. Traders will watch upcoming wage and services inflation data, along with BoE commentary, for confirmation of whether pay growth is decelerating toward target-consistent levels.
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Andrew Bailey, Bank of England