- BOE Survey: UK public inflation expectations at record high for 2023
Market news
15 September 2022
BOE Survey: UK public inflation expectations at record high for 2023
The quarterly survey conducted by the Bank of England (BOE) showed that the public's expectations in Britain for inflation over the coming surged.
Key takeaways
UK public inflation expectations for the coming year 4.9%.
UK public inflation expectations for 12 months after that are 3.2%.
UK public inflation expectations for 5 years' time are 3.1%.
Net public confidence in BOE-7% vs -3% in May.
UK public's year-ahead inflation expectations highest since the survey began in 1999.
Market reaction
The pound fails to pay any heed to the BOE survey, with GBP/USD keeping its range around 1.1525, down 0.07% on the day.
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