UK public inflation expectations for the year ahead seen at 3.3% – BOE survey

<ul><li>Inflation expectations for the year ahead seen at 3.3% (previously 3.6% in August)</li><li>Inflation expectations for 5 years' time seen at 3.2% (previously 2.9%)</li><li>Median estimate of the current rate of inflation seen at 7.5% (previously 8.6%)</li><li>40% of respondents thought interest rates should 'go down' (unchanged)</li><li>11% of respondents thought interest rates should 'go up' (previously 13%)</li><li><a href="https://www.bankofengland.co.uk/inflation-attitudes-survey/2023/november-2023" target="_blank" rel="nofollow">Full survey results</a></li></ul><p>There are some interesting tidbits in the survey, with the first being that respondents are not seeing inflation coming back down to 2% in the long-term. Meanwhile, the other is that the public is still viewing inflation to be much higher than what the CPI report is suggesting as seen <a href="https://www.forexlive.com/news/uk-october-cpi-46-vs-48-yy-expected-20231115/" target="_blank" rel="follow">here</a>.</p>

This article was written by Justin Low at www.forexlive.com.