Institution: UK Wage Growth Hits Record High, but Inflation Might Slow

Richard Carter, Head of Fixed Interest Research at investment management company Quilter Cheviot, has indicated that wage growth in the UK might be outpacing the rate of inflation, a situation that brings concerns for both consumers and the Bank of England.

Carter noted that wage growth in the UK has reached an unprecedented high, while upcoming inflation data to be released on Wednesday could show a continued slowdown in prices.

As a result, the Bank of England is unlikely to gain significant confidence for further interest rate hikes from the pace of wage growth.