Surging British Wages Influence Bank of England's Rate Decisions

British wages, excluding bonuses, grew by 6.0% in the three months to the end of April compared to the same period last year. This is being closely monitored by the Bank of England as it considers cutting interest rates. Economists had predicted a slightly higher growth rate of 6.1%.

British wages excluding bonuses - which are being watched by the Bank of England as it considers when to cut interest rates - grew by 6.0% in the three months to the end of April compared with the same period a year earlier, official data showed.

Economists polled by Reuters had forecast wage growth of 6.1%.