LONDON (Reuters) -Growth in workers’ pay in Britain, excluding bonuses, slowed to 4.8% in the three months to July compared with a year earlier, the Office for National Statistics said on Tuesday.
Economists polled by Reuters had mostly expected regular annual wage growth of 4.8% for the May-to-July period compared with 5.0% in the three months to June.
The Bank of England last month lowered interest rates to 4% from 4.25% but the central bank is widely expected to keep them on hold this week as it worries about persistent inflation pressures in the economy, including the jobs market.
(Writing by William Schomberg; editing by Sarah Young)
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