Published by Global Banking & Finance Review®
Posted on February 18, 2025
1 min readLast updated: January 26, 2026
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BoE Governor Andrew Bailey states that the latest UK jobs data aligns with economic forecasts, with wage growth slightly below expectations.
(Reuters) - The latest UK jobs market data published earlier on Tuesday does not change the Bank of England's broad expectations for the economy, BoE Governor Andrew Bailey.
Pay growth rose by a bit less than the BoE had forecast earlier this month when it also said it expected that increases in wages would start to slow this year, Bailey said at an event in Brussels organised by Bruegel, a think tank.
"I don't think we saw anything this morning that fundamentally changes that," he said.
(Reporting by David Milliken; Writing by William Schomberg)
The main topic is the alignment of UK labour data with the Bank of England's economic forecasts.
Wage growth rose slightly less than the BoE's forecast.
Andrew Bailey stated that the data does not change the BoE's broad economic expectations.
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