BOE survey says UK expecting rate hike in next 12 months

Author: Mike Paterson | Category: Central Banks

Latest Bank of England survey results 10 June 2016

  • rate hike expectations by 41% vs 38% prev survey
  • CPI expectations over 2% in the next 12 months vs +1.8% previous survey in Feb
  • 2018 CPI expectations +2.2%

Inflation Expectations measures the percentage that consumers expect the price of goods and services to change by during the next 12 months. The indicator is compiled from a survey of about 2,000 consumers. The Bank of England produces this survey quarterly in conjunction with GfK.

Most economists currently predicting a first BOE rate hike in early 2017 but let's see what the 23rd June brings eh?

GBPUSD currently 1.4437 seeing some good two-way business after the earlier GBPJPY-led drop to 1.4411

Full survey results  here

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