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

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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.


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