Britons' inflation expectations for the year ahead rose to 3.7 percent in May from 3.5 percent in February, a survey by the Bank of England and GfK NOP showed Friday.
The quarterly survey of public attitudes to inflation was undertaken in May 2012. Inflation for the longer-term, say in five years time, is seen at 3.6 percent, higher than 3.2 percent in February.
Around 41 percent of respondents expect interest rates to rise over the next 12 months, compared with 35 percent in the previous survey. Nearly 7 percent forecasts interest rates to fall over the coming 12 months, unchanged from February.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.