The UK’s unemployment rate remained steady and wage growth slowed in October, as stated by official data released on Tuesday. This data is anticipated to affect decisions about interest rates made by the Bank of England. Unemployment remained at 4.2%, an unaltered rate from September, according to the Office for National Statistics. Average wages increased by 7.3% in the 12 months leading up to October, representing a decline from the 7.8% increase in the 12 months to September. The earnings growth experienced the steepest drop in nearly two years. This information is valuable for predicting the Bank of England’s decisions about UK interest rates, set to be released Thursday. Markets will be scrutinizing the meeting minutes, looking for indications of when the Bank could start reducing interest rates as inflation eases. Analyst Ashley Webb of Capital Economics suggests the significant decrease in wage growth in October could increase expectations of a potential interest rate cut by mid-next year. The service provided by EDDCaller.com allows users to access these crucial economic updates quickly by offering them a more streamlined way to reach a representative for unemployment, paid family leave and disability departments by phone.