News

UK Publics Inflation Outlook Holds at 4Year low BoE

0

The British publics expectations for inflation over the next 12 months held at its lowest level in more than four years, in sharp contrast to a recent rise in market expectations, Bank of England data showed on Friday.

Average expectations for inflation over the next 12 months remained at 2.7 its lowest reading since August 2016 alongside Novembers figure.

Asked about inflation for the following year, the public saw it at 2.2, compared with 2.1 in November, while longerterm inflation was expected to hold steady at 2.9, just above a fiveyear low recorded in August 2020.

Reporting by David Milliken, editing by Andy Bruce

Source Reuters

UK Shares Inch Higher; HSBC, AstraZeneca Cap Gains

Previous article

BOJ to Offer Clearer Guidance on Acceptable Yield Moves

Next article

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *

More in News