BoE Survey: UK public inflation expectations for coming year at 3.6% in August vs. May’s 3.5%

According to the quarterly survey conducted by the Bank of England (BoE), UK public inflation expectations for the coming year are seen at 3.6% in August, compared with a 3.5% figure predicted in May.

Additional findings

UK public medium-term inflation expectations are 2.9% in August (May: 3.0%).

40% of UK public say best for economy if interest rates go down, the highest share since 2008.

33% of UK public say best for them personally if rates go down, the highest share since 2008.

UK public net satisfaction with BoE controlling inflation falls to a new record low of -21%.