According to Jinshi, analyst Justin McQueen pointed out that the salary tracker of the job search platform Indeed shows that the wage growth rate in the UK is still too high and inconsistent with the inflation level of 2%, which raises questions about whether the Bank of England will cut interest rates in June. The current wage growth rate in the UK is 6.9%, the highest level since September 2023. Although the stubbornness of wage growth supports more cautious Bank of England officials, CPI data may be more important for policymakers to consider. Deputy Governor Broadbent said that in the short term he would pay closer attention to service industry inflation rather than wages. Therefore, the two upcoming inflation reports may be a decisive factor in whether policymakers choose to cut interest rates in June or August.