- BoE DMP Survey: One-year CPI inflation expectations fall slightly
Market news
BoE DMP Survey: One-year CPI inflation expectations fall slightly
According to the latest Bank of England (BoE) Monthly Decision Maker Panel (DMP) survey released on Thursday, DMP members expected CPI inflation to be 5.8% one-year ahead, down from 5.9% in February.
Additional findings
“Three-year ahead CPI inflation expectations ticked up from 3.4% in February to 3.5% in March.”
“Over the next year, businesses expected their output prices to increase by an average of 5.3%, down 0.1 percentage points from the previous month. “
“The three-month average also fell by 0.1 percentage points to 5.5%, which is now 1.1 percentage points below its peak from September.”
“Expected year-ahead wage growth fell by 0.1 percentage points to 5.6% in March. Realised annual wage growth fell by a similar amount to 6.5%.”
Market reaction
GBP/USD was last seen trading at around 1.2450, modestly flat on the day.
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