BOE survey says UK expecting rate hike in next 12 months
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