Posted 3/28/2024, 6:26:00 PM
UK Inflation Expectations Ease in March, Offering Reassurance for Bank of England
- UK public expectations for inflation over next year and longer term fell in March, according to Citi/YouGov survey
- Expectations for inflation in 12 months fell to 3.3% from 3.6% in February
- Expectations for 5-10 year inflation fell to 3.4% from 3.5%
- Falling public inflation expectations should reassure Bank of England that second-round inflation effects are fading
- Comes as latest data showed UK inflation slowed to 3.4% in February, lowest since September 2021
