Thursday, March 15, 2007
Expectations still too high
Posted by David Smith at 10:00 AM
Category: Thoughts and responses

The Bank of England's latest inflation expectations survey, carried out with NOP, willl be regarded as marginally disappointing. Both backward-looking inflation views - people think inflation over the past 12 months has been 2.9% - and the forward-looking measure, 2.7%, are unchanged from November. That's not bad given that retail price inflation hit 4.4% and consumer price inflation 3% over the period. But the markets were looking for a fall in forward-looking expectations. Details here

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