BoE's Broadbent says UK economy looks likely to slow in Q4 -CNBC

LONDON, Nov 12 (Reuters) - Bank of England Deputy GovernorBen Broadbent said on Monday it looked likely that Britain'seconomy would slow somewhat in the fourth quarter, but that hecontinued to see signs of pay pressure building gradually.

"The signs are we'll have somewhat weaker growth in thefourth quarter," Broadbent said in an interview with CNBC.

Broadbent said the BoE had seen signs of pay pressurestrengthening in business surveys as well as in the officialdata.

The BoE's guidance for "limited and gradual" rate increasesdid not necessarily equate to one hike a year, Broadbent said,adding that the main message for households and businesses wassimply that rates are unlikely to rise sharply.

(Reporting by Andy Bruce and Alistair Smout)

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