Salary and price increase expectations both fall, Bank of England's anti inflation path sees a turning point. According to Golden Jubilee Data on January 8th, British companies are expected to slightly reduce employee salary increases and slow down price hikes in the next 12 months, which is an encouraging signal for Bank of England officials who have been wary of high expectations. In the average survey of the fourth quarter, the surveyed companies expected a salary increase of 3.7%, a decrease of 0.1 percentage points from the three months ending in November. Meanwhile, the company expects its own price increase to be 3.6%, which is also 0.1 percentage points lower than the previous period. The interest rate setters of the Bank of England have been concerned that wage and price expectations will remain high after inflation surged to nearly twice the 2% target last year. However, in recent months, price pressures have eased faster than expected by the central bank, and measures in the budget are also expected to lower inflation to nearly 2% before spring. According to a survey conducted by the Bank of England's decision-making group on Chief Financial Officers, companies laid off 0.4% of their workforce last year. The number of employees in December increased by 0.5% year-on-year, recovering from the 1.8% decline in November. However, companies still expect layoffs in the next 12 months, with a forecast of a further decrease of 0.4% - the worst reading since 2020.