LONDON, April 16 Reuters British core wage growth slowed again, posting its weakest rise since the three months to September 2022, according to official figures which are likely to be given a cautious welcome by the Bank of England.

Regular wages excluding bonuses grew by 6.0 in the three months to February compared with the same period a year earlier, down from an increase of 6.1 in the NovembertoJanuary period the Office for National Statistics said.

A Reuters poll of economists had forecast growth in regular wages which are in the sights of the BoE as it considers when to start cutting interest rates would slow by more to 5.8.

Sterling fell slightly against the U.S. dollar and euro immediately after the data was published.

Growth in total pay, which includes more volatile bonus payments, was unchanged at 5.6.

Reporting by Suban Abdulla Editing by William Schomberg

Source Reuters