The BoE will be (I should think) suggesting interest rates should not go down yet, after ONS reported wage rises remained at 5.7% over the last 3 months.
But, a focus on nominal wages is misleading; it takes no account of inflation adjusted real wages, that continue to lag behind pre-austerity levels & so by only focussing on recent months underplays (obscures) that wages are catching up previous loses....
So prepare for a longer wait for interest rates to drop
