Gold Ten Data, April 18th, Smith, an economist for developed markets at ING, said in a research report that wage growth in the UK's private sector casts doubt on recent signs that wage pressures are beginning to ease. The Bank of England added unwelcome pressure. Wages rose 6.6 percent in the three months through February, showing signs of accelerating in terms of private-sector weekly wages, Smith said. He said that in December and January this figure had risen at a rate of £1-2 a month, which was lower than the monthly increase in 2022, but more recent figures show an average increase of £5 in February. However, he said the one-month volatility was not indicative of a trend, as wage growth remained at a lower momentum than a few months ago, but it did complicate the Bank of England's decision in May.