Bank of England Preview: Guidance in Focus as Cutting Cycle Nearing Its End.We expect the BoE to keep the Bank Rate unchanged at 4.00% on Thursday 18 September in line with consensus and market pricing. Note, this meeting will not include updated projections or a press conference.
Sterling slips as economy stagnates; eyes on BoE.The British pound dropped against the dollar on Friday after data showed the economy had stagnated in July, although it was still set for its second weekly rise before a Bank of England policy meeting next week.
UK inflation expectations rise, BoE survey shows.The BoE/Ipsos Inflation Attitudes Survey showed UK households nudging inflation expectations higher. Median expectations for inflation over the next year rose to 3.6% from 3.2% in May, while two-year expectations climbed to 3.4% from 3.2%.
UK public inflation expectations rise in latest BOE quarterly survey.At 3.6%, the public view on inflation expectations are at the highest since the same quarter two years ago. As mentioned before, the case for stagflation risks is definitely building for the UK.
UK public's long-term inflation expectations rise to highest since 2019.The British public's expectations for inflation in five years' time rose to their highest since 2019 at 3.8% in August, up from 3.6% in May, a Bank of England survey showed on Friday.