–BOE: Aug Median Yr Ahead Infl Expectations 4.2% Vs 3.9% May
–BOE: Aug Longer Term Infl Expectations 3.5% vs 3.3% in May
–BOE: Aug 2yr Ahead Infl. Expectations 3.5% vs 3.2% in May
–BOE/GFK: Public Saw Current Inflation 4.8% Aug VS 4.5% May
–BOE/NOP: Year Ahead Inflation Expectations Highest Since Aug 2008
LONDON (MNI) – Inflation expectations have risen to their highest
levels since August 2008, according to the latest Bank of England GfK
NOP survey of inflation attitudes in the UK.
For the year ahead, expectations rose to over 4% in August from
3.9% in May
Public perceptions of the current rate of inflation also climbed to
a median of 4.8% from the 4.5% seen in May, the survey showed.
Longer-term and the two-year ahead expectations also rose significantly.
The rise in inflation expectations caused cable to hit session
highs despite a weaker-than-expected retail sales number for last month.
However, the BOE Monetary Policy Committee may take the surge in
expectations with a pinch of salt.
The committee seems convinced that inflation will fall back as
growth slows sharply. In addition, there is little sign of emerging wage
pressures.
–London newsroom: 4420 7 862 7492; email: ukeditorial@marketnews.com
[TOPICS: M$B$$$,M$$BE$,MABPR$,MT$$$$]
