UK inflation expectations fall ahead of BoE rate hike
British public inflation expectations fell for the first time in two months in October. Long-term expectations dropped to four percent. Analysts expect the Bank of England to proceed with a rate hike next week.
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British public inflation expectations fell to 4.0% in October from 4.3% in September, marking the first decline in two months. The drop occurred across both long-term and short-term metrics surveyed across the United Kingdom. Despite the softer household sentiment, markets expect the central bank to proceed with further monetary tightening next week.
