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  • April 4, 2022

    Backgrounder on the Business Outlook Survey question on firms’ average expected wage increase

    Firms participating in the Business Outlook Survey (BOS) are asked several questions about labour markets. One such question is whether they expect wage growth to increase or decrease over the next 12 months. The responses to this question, combined with related confidential comments, give a picture of the state of wage pressures in the economy. This, along with wage data and several labour market indicators, inform the Bank about labour market conditions.
    Content Type(s): Background materials
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