UK public’s price expectations moderately rise
The Bank of England's quarterly GfK NOP Inflation Attitudes Survey shows that median expectations of the rate of inflation over the coming year increased to 2.5% in February, compared with 2.4% in November. The public's perception of current inflation rose by 0.2 percentage points.
When asked about the future path of interest rates, 53% of respondents expected rates to rise over the next 12 months, compared with 47% in November.
The survey also found that 54% of respondents thought the inflation
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