UK interest rates aren't about to rise as real pay slides | Larry Elliott
by Larry Elliott from on (#2W8TX)
Some at the Bank of England flirted with a rise, but the latest ONS figures suggest the doves will continue to hold sway
The City has been getting mightily excited in recent weeks at the prospect of the Bank of England raising interest rates next month. Sorry to disappoint, but it's not going to happen. In truth, it was never going to happen. The Old Lady has been showing a bit of leg, that's all.
Related: UK pay squeeze intensifies as real wages continue to fall
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