Analysis: Kamal Ahmed, economics editor
The Bank said that persistent low inflation, increases in population and therefore labour supply and changes in taxes meant that it was unlikely that incomes would increase at the rate suggested last autumn.
It said that wage growth had "eased significantly more" than anticipated.
It will be 2018 before average weekly earnings are increasing at the rate experienced before the financial crisis, the Inflation Report suggested.
Nearly a decade after the start of the financial crisis, the feelgood factor is still pretty muted.