12.11.2014 - Wage growth outstripped the inflation in the UK
In the UK today was published statistics on the labor market in the country. Thus, the unemployment rate remained in September at 6.0%, which is 0.1% worse than analysts' forecasts, the number of unemployed fell by 20.4 thousand in October, compared with an expected decline of 24.9 thousand, and the previous figure of decrease by 18,6 thousand. It is worth noting that the rate of wage growth exceeded the rate of inflation. Earlier, the Bank of England declared that they will consider raising interest rates after a stable wage growth. Negative for the British economy remains weakening of the euro area economy, but we expect raising interest rates of the Bank of England in the first half of 2015 and maintain a medium-term positive outlook.