British inflation expectations fell to a three-year low in the Bank of England's quarterly survey.
The Bank of England's quarterly survey reveals that British public inflation expectations have fallen to a three-year low, dropping from 2.8% in May to 2.7% in August for the coming year. Expectations for the next 12 months remain at 2.6%, while the five-year outlook rose slightly to 3.2%. Public confidence in the Bank has also improved. Analysts predict interest rates may hold steady, with a potential cut later this year.
September 13, 2024
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