BoE's Taylor says January wage settlement survey will be key

BoE's Taylor Sees January Wage Survey as Crucial for Rate Outlook

Key Insights from Alan Taylor on BoE Rate Decisions

Importance of the 2027 Wage Expectations Survey

LONDON, Sept 29 (Reuters) - Bank of England policymaker Alan Taylor said on Tuesday that an annual BoE survey of firms' 2027 wage expectations, due in January, would be key for his view on the case for raising interest rates.

Taylor's Recent Lecture and Current Rate Outlook

Taylor was speaking after giving a lecture where he said he did not see compelling evidence yet that the BoE should raise rates – something which many economists and investors think it will do after its next meeting in November.

Survey Timing and Potential Impact on Policy

"The (BoE) agents' survey that we expect on wage intentions for 2027, which comes out in January, will be a very, very important data point," he said.

Preliminary Results and Inflation Concerns

Taylor added that he would also look for preliminary results from the survey available at the time of the BoE's December meeting. A reading at or below the last survey level of somewhat over 3% would reassure him that inflation pressures were contained, he said.

(Reporting by David Milliken; editing by William James)