FOREX TradingCharts.com

Financial News: UK Inflation Expectations Ease In May: BoE Survey

UK Inflation Expectations Ease In May: BoE Survey

06/14/2024 - 05:04:00 (RTTNews)

(RTTNews) - Britons' short-term inflation expectations softened in May, the quarterly Inflation Attitudes Survey conducted by Ipsos on behalf of the Bank of England showed on Friday.

The one-year ahead inflation expectations fell to 2.6 percent from 2.8 percent in February.

Respondents assessed the current inflation at 5.5 percent compared to 6.1 percent in the previous survey period.

In five years' time, inflation is seen at 3.1 percent, unchanged from the prior survey period.

By a margin of 65 percent to 6 percent, respondents said the economy would end up weaker, rather than stronger, if prices started to rise faster. This compared to 69 percent and 5 percent, respectively in February. The survey showed that 40 percent said the inflation target was 'about right', unchanged from 40 percent in February. The proportions saying the target was 'too high' or 'too low' were 34 percent and 10 percent respectively.

About 34 percent of respondents forecast interest rates to rise over the coming year, which was down from 36 percent in February. Nearly 25 percent said interest rate will stay about the same over the next twelve months compared to 26 percent in the last survey.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2024 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Malaysia Economy Expands At Fastest Pace Since Late 2022 (51 min(s), 40 sec(s) ago)
(RTTNews) - Malaysia's economy posted its fastest growth in six quarters with strong support f ...Full Story»

Eurozone Inflation Expectations Remain Unchanged (23 min(s), 40 sec(s) ago)
(RTTNews) - Eurozone inflation expectations for this year and next year remained unchanged, the Su ...Full Story»

Philly Fed Index Jumps Much More Than Expected In July (48 min(s), 40 sec(s) ago)
(RTTNews) - The Federal Reserve Bank of Philadelphia released a report on Thursday showing growth ...Full Story»

Philly Fed Index Indicates More Widespread Growth In July (48 min(s), 40 sec(s) ago)
(RTTNews) - The Federal Reserve Bank of Philadelphia released a report on Thursday showing growth ...Full Story»

Italy Current Account Surplus Rises In May (54 min(s), 40 sec(s) ago)
(RTTNews) - Italy's current account surplus increased in May from the previous year, the Bank ...Full Story»

UK Government Borrowings Overshoot Estimate (23 min(s), 40 sec(s) ago)
(RTTNews) - The bigger-than-expected UK public sector net borrowing in June highlights the challen ...Full Story»

Eurozone Current Account Surplus Remains Unchanged (44 min(s), 20 sec(s) ago)
(RTTNews) - The euro area current account surplus remained unchanged in May, the European Central ...Full Story»

Spain Trade Gap Narrows In May (53 min(s), 20 sec(s) ago)
(RTTNews) - Spain's foreign trade deficit decreased in May from a year ago as exports rose ami ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Malaysia Economy Expands At Fastest Pace Since Late 2022

07/19/2024 - 08:54 AM (RTTNews)
(RTTNews) - Malaysia's economy posted its fastest growth in six quarters with strong support f ...Full Story>>

Eurozone Inflation Expectations Remain Unchanged

07/19/2024 - 08:26 AM (RTTNews)
(RTTNews) - Eurozone inflation expectations for this year and next year remained unchanged, the Su ...Full Story>>

Philly Fed Index Indicates More Widespread Growth In July

07/19/2024 - 07:51 AM (RTTNews)
(RTTNews) - The Federal Reserve Bank of Philadelphia released a report on Thursday showing growth ...Full Story>>

Philly Fed Index Jumps Much More Than Expected In July

07/19/2024 - 07:51 AM (RTTNews)
(RTTNews) - The Federal Reserve Bank of Philadelphia released a report on Thursday showing growth ...Full Story>>

Italy Current Account Surplus Rises In May

07/19/2024 - 06:57 AM (RTTNews)
(RTTNews) - Italy's current account surplus increased in May from the previous year, the Bank ...Full Story>>

Do not sell my personal information

Copyright © 2024. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.