UK | Investment
Monthly Review - September 2018
UK Economic Briefing - September 2018The Bank of England’s Monetary Policy Committee (MPC) voted unanimously (9-0) to keep policy rate on hold during the September meeting.
- The Committee noted that the GDP data is a little stronger than expected and as a result the Bank has upgraded its Q3 growth forecast.
- UK wage growth was relatively robust in the three months to July, with regular pay growth rising from 2.7% to 2.9%.
- The unemployment rate held steady at 4.0%, having declined from 4.2% in the three months to June.