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.