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Evening Standard
Evening Standard
Business
Jonathan Prynn

Early interest rate cut in doubt amid ‘sticky’ wage growth

Office for National Statistics MPC

Wages are still growing far faster than inflation, putting the chances of an early interest rate cut at risk, latest official figures reveal today.

The Office for National Statistics (ONS) said regular wages rose at an annual rate of 6.1% in the November to January quarter, down only from 6.2% previously. 

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