UK Firms Report Slower Price Growth
British companies expect slower price growth over the coming year while wage expectations remain steady. The Bank of England survey highlights inflation trends as investors anticipate a rate hike.
British firms expect to raise prices by 3.7% in the coming year, down slightly from 3.8% in the previous survey. The monthly Decision Maker Panel covers data collected across the United Kingdom. The slight deceleration precedes a widely anticipated rate decision by the central bank.
