Latest consumer inflation expectations released by the BOE
- Inflation two-year ahead seen at 2.9% (unchanged from May)
- Inflation five-years ahead seen at 3.6% (unchanged from May)
- 58% of UK public expects BOE to raise rates over the next year
The headline measures inflation expectations over the next 12 months. I think the more interesting point of note here is that majority of households still see the BOE raising rates further over the next year. The 58% recorded here is higher than the 51% in May.
With Brexit still looming large, it's going to be a tricky period for the central bank regardless of expectations. The release here isn't one to move markets but gives a rough idea on expectations from UK households on the economy. The full report can be found here.
