Good news for the MPC ahead of tomorrow's rate decision.

Subscribe to Campaigning blog feeds

Published

Tomorrow the Monetary Policy Committee will announce its latest decision on interest rates and quantitative easing.

As I have previously noted, one of the most important indicators for the MPC will be pay settlements.

There is, then, some good news for the MPC in today's KPMG/REC Report on Jobs, which states that:

Although permanent staff salaries continued to rise in May, the rate of inflation eased to a three-month low. Temporary staff pay increased at the weakest rate in the current four-month sequence of growth.

Author

This person has now left EEF. Please contact us on 0808 168 1874 or email us at enquiries@eef.org.uk if you have any questions.

Other articles from this author >
Online payments are not supported by your browser. Please choose an alternative browser or make payments through the 'Other payment options' on step 3.