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- BoE’s Dhingra: Labor market is really loosening, do not see further wage growth momentum
BoE’s Dhingra: Labor market is really loosening, do not see further wage growth momentum
Bank of England (BoE) policymaker Swati Dhingra said on Tuesday, “labor market is really loosening, I do not see further wage growth momentum.”
Additional quotes
Average weekly earnings data appear to give a more inflated picture of wage outlook than other measures.
I expect some letting-up of wage growth.
We should see some relenting of domestic inflation pressures.
Market reaction
GBP/USD is consolidating losses following the above comments, keeping its range at around 1.2160, down 0.42% on the day.
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