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Wage and price expectations cool in UK companies, BoE survey shows

Bank of England building in London

LONDON (Reuters) - British companies' expectations for selling prices and wage increases in the year ahead cooled in March, adding to signs of easing inflation pressure, a Bank of England survey showed on Thursday.

Wage growth expectations for the coming 12 months fell to 4.9% on a three-month moving average basis from 5.2% in February, marking the lowest reading since June 2022, the BoE's Decision Maker Panel survey showed.

Selling price expectations dipped to 4.1% from 4.3%, the lowest reading since October 2021.

The survey is one of the most closely-watched by members of the BoE's Monetary Policy Committee.

(Reporting by Andy Bruce; editing by David Milliken)