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17th Dec 2024 17:35UKDaily Monitor

  • Job growth has stalled but is still holding up better than tanking business surveys of hiring intentions.
  • Private pay growth is likely to far exceed the MPC’s forecast of 5.1% year-over-year in Q4.
  • A renewed trade-off between supporting output and fighting inflation will keep the MPC cutting cautiously.

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Keywords for: 18 December 2024 UK Monitor Wage growth too strong for rapid rate cuts

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