UK Public's Long-Term Inflation Expectations Rise to Highest Since 2019
The British public's expectation for inflation in around five years' time rose in August to its highest since May 2019 at 3.8%, according to a Bank of England survey on Friday, which may unsettle some policymakers ahead of next week's rate decision.
The measure of longer-term public inflation expectations increased from 3.6% in May while expectations for inflation in the next 12 months rose to a two-year high of 3.6%, up from 3.2% three months earlier.
Surveys of public inflation expectations are not viewed by economists as...
To Read Full Story Login Below.