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2025-09-16 19:36:48
[Analyst: The latest UK employment data reserves the possibility for the Bank of England to cut interest rates in November] Philip Shaw, an analyst at Investec Economics, said that the latest UK employment data reserves the possibility for the Bank of England to cut interest rates in November. The data showed that the UK unemployment rate remained unchanged at 4.7%; the average wage growth rate in the three months ending July slowed to 4.8% from 5.0% in the three months ending June. Shaw pointed out that this employment data reflects the weakness in the UK labor market. However, he also mentioned that given concerns that the UK inflation rate is still above the target level, the Bank of England is likely to keep interest rates unchanged for the rest of 2025. Currently, investors are paying attention to the UK's August inflation data to be released on Wednesday, followed by the Bank of England's interest rate decision meeting on Thursday - the market generally expects that this meeting will keep interest rates unchanged.
