London, Jan. 13 (Bloomberg) -- U.K. consumer prices and average incomes areexpected to be subdued in reports set for release next week, though analystssay an interest-rate cut will be a while coming. Economists surveyed by Bloomberg News expect retail prices less mortgageinterest -- the measure watched by the Bank of England -- to have risen 0.1percent in December, down from 0.3 percent in November. That would slow theannual rate to 2.1 percent from 2.2 percent, below the Bank of England's 2.5percent limit. The data will be reported Tuesday at 9:30 a.m. London time. U.K. pay increases are expected to have remained unchanged at 4.2 percent inthe three months to November, another sign of subdued inflation. That set ofdata is due out Wednesday. Still, economists say, the Bank of England is in no rush to cut rates becausethe pound has dropped 10 percent against the euro since late October, raisingthe risks of imported inflation. ``The doves'' at the Bank of England ``will doubtless point to the easing ininflationary pressure as further support for a rate cut,'' said David Page, aneconomist at Investec in London. ``However, we expect the Monetary PolicyCommittee to be cautious given the sustained fall in sterling.''