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UK firms see prices rising more slowly, wage growth robust: BoE

Published 05/10/2023, 09:44
Updated 05/10/2023, 09:46
© Reuters. FILE PHOTO: A general view shows the Bank of England in London, Britain, September 21, 2023. REUTERS/Peter Nicholls/File Photo
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LONDON (Reuters) - British companies over the last three months cut expectations for selling price increases but forecasts for wage growth stayed high, according to a Bank of England survey that painted a mixed picture of inflationary pressure.

© Reuters. FILE PHOTO: A general view shows the Bank of England in London, Britain, September 21, 2023. REUTERS/Peter Nicholls/File Photo

Thursday's BoE Decision Maker Panel showed businesses surveyed in the three months to September expected selling prices in the year ahead to rise by 4.8%, down from 5.0% in the three months to August.

Forecasts for wage growth in the year ahead were unchanged at 5.1%, the survey showed.

 

 

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