LONDON, July 12 (Reuters) - The latest British jobs data point to signs of a cooling labour market, even if wage growth remains too high for the Bank of England's liking, Governor Andrew Bailey said on Wednesday.
"I think there are some interesting pieces of evidence (in labour market data) ... it's a continuation in some cases - if you look at the vacancy to unemployment ratio, for instance - of some signs of the labour market cooling," Bailey said at a news conference.
Bailey repeated his view that the current rate of pay growth was not consistent with the BoE's 2% inflation target. (Reporting by William Schomberg and Sachin Ravikumar; writing by Andy Bruce; Editing by Kate Holton)
