The Bank of England slashed its wage growth target in half last week, forecasting a rise of 1.25 percent this year. This is likely to add to pressure on governor Mark Carney, dubbed the "unreliable boyfriend" for his confusing guidance, to give a clear indication of when interest rates might rise from their current historic lows.
Read MoreBoE tempers rate hike expectations on weak wages
In the first half of the year, many analysts were expecting a rate hike towards the end of 2014, but many now see the first quarter of 2015 as more likely.
"I think if anyone had thought we were going to get a rate hike this year those numbers would have squashed that expectation," Michael Hewson, chief market analyst at CMC Markets told CNBC in a phone interview.
"I don't see, despite Mr Carney's mixed messages, any flip flopping over whether to raise rates. Those numbers do take any pressure off the Bank of England in terms of a rate hike."
Economists have been worried that an interest rate increase could derail the economic recovery seen in Britain but Carney has constantly reiterated that any hike would be gradual.
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