UK company pay expectations rise in June: BoE survey

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Published: Jul 7, 2022, 08:52 GMT+00:00

LONDON (Reuters) - British employers' expectations for pay growth in the coming 12 months increased to 5.1% from 4.8% in May, according to a Bank of England survey that is watched closely by its policymakers.

A general view shows the Bank of England and the Royal Exchange Building in London

LONDON (Reuters) – British employers’ expectations for pay growth in the coming 12 months increased to 5.1% from 4.8% in May, according to a Bank of England survey that is watched closely by its policymakers.

The survey also showed expectations for employment over the next year fell to their lowest level since February 2021.

BoE Chief Economist Huw Pill on Wednesday said the BoE’s Decision Makers Panel was a key indicator for members of the Monetary Policy Committee.

(Reporting by Andy Bruce; Editing by William Schomberg)

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