The latest labour market figures (09.30 BST) should show that the unemployment rate has fallen and pay growth has staged a modest recovery, indicating that the risks that very low inflation becomes ingrained are still small.
"We forecast a decline from 5.7% to 5.6% in the three months to Feb - a far cry from the 8% rate seen just two years previously. Meanwhile, the relative strength of the latest surveys has led us to pencil in a pick-up in annual growth in ex-bonus pay from 1.6% to 2.0% in Feb - its strongest rate since Aug 2012." said Capital Economics in a report on Thursday
Commentary
UK labour market data likely to have improved further in Feb
The latest labour market figures (09.30 BST) should show that the unemployment rate has fallen and pay growth has staged a modest recovery, indicating that the risks that very low inflation becomes ingrained are still sm…
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