England decide what to do with Interest Rates. The current uk base rate 5. 25 . But after we found out that wages, on average, are rising at their fastest level now in 20 years, could we see another rise in september. Joining me now is kallum pickering, whos the Senior Economist at berenberg bank. With your predictions, what are you thinking you will see here today . I you thinking you will see here toda . ~ , today . I think we might be surprised today . I think we might be surprised a today . I think we might be surprised a little today . I think we might be surprised a little to today . I think we might be surprised a little to the surprised a little to the upside but it not should not make much of a difference, the Bank Of England expecting 6. 8, markets expecting 6. 7, if it came at 6. 9 i would not be surprised because Petrol Prices rose over the month but it should be a big versus last month because the energy price comes down in the monthjuly. This should be another step down i
And teachers? do these pump impact this as well? and teachers? do these pump impact this as well? i think we -a a impact this as well? i think we pay a little impact this as well? i think we pay a little much impact this as well? i think we pay a little much to impact this as well? i think we pay a little much to attention l pay a little much to attention to this wage risk, we think about wage risk when patient expectations are very high and they are not stopping it is not as if consumers and businesses expected to rise higher as far as the eye can see. inflation expectations are quite under control, the evidence is suggesting wages are high now because they want compensation for past income losses not because they expect prices to surge in the future. when we look at the sector as inflation normalises wages with a lag would normalise as well, we would normalise as well, we would not panic that the logic does not suggest we should panic. does not suggest we should anic. ., . ~ d