Earnings growth, while easing, seems to be continuing at a level that will likely prompt the BoE to cite a wage-#inflation spiral as the reason to (again) not ease #interestrates....
I've posted a lot on this, so here will just say the BoE is missing the main issue which is the UK continuing crisis in #productivity growth, which is to say prices are driven up by external factors (and profits), but the BoE only 'sees' the wage rises...
