The Zhitong Finance App learned that in the summer of this year, the UK wage growth rate fell to its lowest level in more than two years, indicating that inflationary pressure has eased. This makes it possible for the Bank of England to cut interest rates again this year. According to data released by the UK Office for National Statistics on Tuesday, the average wage in the UK for three months excluding dividends increased 4.9% year-on-year in August. This is the smallest increase since the second quarter of 2022, in line with market expectations, and lower than the previous value of 5.1%.

The Zhitong Finance App learned that in the summer of this year, the UK wage growth rate fell to its lowest level in more than two years, indicating that inflationary pressure has eased. This makes it possible for the Bank of England to cut interest rates again this year. According to data released by the UK Office for National Statistics on Tuesday, the average wage in the UK for three months excluding dividends increased 4.9% year-on-year in August. This is the smallest increase since the second quarter of 2022, in line with market expectations, and lower than the previous value of 5.1%.