BOE/TNS August inflation expectations 3.3% vs 3.1% prior

BOE releases its latest consumer inflation expectations survey results

• Prior 3.1%
• Inflation expectations for five-years ahead 3.1% (3.8% previously)

The headline is the highest since November 2013 but the longer-term inflation expectations see a drop of 0.7% - the biggest on record - and marks the weakest expectations since November 2016. Meanwhile, 43% of the public sees the BOE raising rates in the next 12 months and that is down from the 49% share back in May.