CoinVoice has learned that Deutsche Bank economist Sanjay Raja stated that despite the loosening of the UK labor market, the Bank of England still needs to remain cautious about policy easing. Thursday's data showed a decline in job vacancies, an increase in the unemployment rate, and a slowdown in wage growth.

Raja believes that the unemployment rate will continue to rise slowly, which means the Bank of England can continue to cut interest rates, but it must do so in a gradual and cautious manner. "We believe that the current conditions do not warrant a faster pace of interest rate cuts." [Original link]