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UK Record Wage Growth Adds Pressure On BoE To Tighten Policy Again

Por: RTTNews Business September 12, 2023

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Despite the rising unemployment, the UK wage growth registered its strongest growth on record in the three months to July adding pressure on the Bank of England to hike the interest rate further at its upcoming meeting this month.The unemployment rate rose to 4.3 percent in the three months to July from 4.2 percent in the preceding period, the Office for National Statistics reported Tuesday. The rate came in line with expectations. Regarding the... + full article



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