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- Bank Of England Survey: UK inflation expectations for year ahead at 3.2% in February, unchanged from November and joint highest since 2013
Bank Of England Survey: UK inflation expectations for year ahead at 3.2% in February, unchanged from November and joint highest since 2013
Bank of England published latest quarterly survey of public attitudes to inflation, undertaken between 8 and 9 February 2019.
Asked to give the current rate of inflation, respondents gave a median answer of 2.9%, compared to 3.1% in November.
Median expectations of the rate of inflation over the coming year were 3.2%, remaining the same as in November.
Asked about expected inflation in the twelve months after that, respondents gave a median answer of 2.9%, up from 2.8% in November.
Asked about expectations of inflation in the longer term, say in five years’ time, respondents gave a median answer of 3.4%, down from 3.5% in November.
When asked about the future path of interest rates, 22% said rates might stay about the same over the next twelve months, compared with 19% in November. 47% of respondents expected rates to rise over the next 12 months, down from 53% in November.
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