International Speculation: September Rate Hike by Bank of England Highly Likely

In a recent report by Dutch international economists, it is asserted that there is little doubt surrounding the Bank of England‘s decision to raise interest rates in September.

The assertion comes following the release of previous employment data that indicated a fresh rebound in wage growth.

Despite indications of a cooling UK labor market and the potential for surprising inflation data released on Wednesday, wage growth for the three months leading up to June hit its highest level on record, “effectively solidifying expectations for a rate hike in September.”

Looking ahead, even if wage growth doesn’t exhibit significant deceleration, the Bank of England may decide to pause the rate hiking cycle in November.