Economic Buzz: Inflation Expectations Cool Off In UK

9 Dec 2022 , 04:49 PM

The inflation expectations in the UK for the coming year eased in November, the survey conducted by the market research firm Ipsos on behalf of the Bank of England showed Friday. The one-year ahead inflation is seen at 4.8 percent compared to 4.9 percent in August, the latest quarterly Inflation Attitudes Survey revealed. Respondents assessed the current rate of inflation at 9.2 percent, up from 7.6 percent in August. The net balance of Britons expecting interest rates to rise over the next twelve months fell slightly to 74 percent from 75 percent. Powered by Commodity Insights