UK pay growth stays above inflation ahead of Bank of England interest rate decision [Yahoo! Finance]
TENCENT HLDGS UNSP/ADR (TCEHY)
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Source: Yahoo! Finance
UK average weekly earnings excluding bonuses rose 5.9% in the three months to January on an annual basis, according to data from the Office for National Statistics. That was unchanged from from the previous three months but continued to outstrip inflation, which rose to 3% in January Meanwhile, annual growth in real terms — adjusted for inflation — were up 2.2% from the previous year. These latest figures come ahead of the Bank of England's latest interest rate decision, due out later on Thursday. The central bank is widely expected to keep rates on hold at 4.5%, as it navigates the fallout from US president Donald Trump's trade war and mixed signals from the UK economy. ONS director of economic statistics Liz McKeown said: "Overall pay growth remains relatively strong, with pay growth high in both the public and private sectors despite the latter slowing slightly in the latest period." The unemployment rate came in at 4.4%, which was unchanged from the three months to Decemb
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