The ONS' miscalculation of a crucial labour cost figure could lead to "one or two" extra interest rate hikes

External Link
External link

A blunder by the Office for National Statistics (ONS) in which it miscalculated a crucial measure of labour cost inflation could lead to Bank of England policymakers signalling the need for "one or two" more interest rate hikes over the next two years, the man who spotted the error has said.

This content is available only to PrimeResi Members.

If you have a membership login below, otherwise join Prime Resi today for full access to the Journal of Luxury Property.

News

A 1% rise 'would add £10bn to the UK's mortgage bill', says Savills, which works out at around £930 per year per mortgaged household...
Views

"No surprise" from the prime resi sector as the Monetary Policy Committee votes 7-2 to increase the base rate from 0.25% to 0.5%
News

“We have often thought that rates can’t go any lower, but here we are again,” says David Hall of Knight Frank Finance