UK public's inflation expectations fall, BoE says
Reuters
Published Mar 17, 2023 05:47AM ET
LONDON (Reuters) - The British public's expectations for inflation have fallen, the Bank of England said in a survey it published on Friday ahead of its decision next week on whether to raise interest rates for the 11th meeting in a row.
Expectations for inflation over the coming year time dropped to 3.9% from 4.8% in November while those for inflation in the following 12 months - which are closely watched by the BoE - fell to 3.0% from 3.4%.
Expectations for inflation in five years' time fell to 3.0% from 3.3% in November.
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Written By: Reuters
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