BoE’s Dhingra: Labor market is really loosening, do not see further wage growth momentum

Bank of England (BoE) policymaker Swati Dhingra said on Tuesday, “labor market is really loosening, I do not see further wage growth momentum.”

Additional quotes

Average weekly earnings data appear to give a more inflated picture of wage outlook than other measures.

I expect some letting-up of wage growth.

We should see some relenting of domestic inflation pressures.