BoE DMP Survey: Businesses’ expectations for their own-price inflation declined in February BOE Inflation GBPUSD CentralBanks CPI
decision maker panel showed on Thursday that “businesses’ expectations for their own-price inflation declined in February,” per Reuters.Businesses expected their output prices to increase by an average 5.4% over the next year, down 0.4% from the previous month.
Three-year ahead cpi inflation expectations also declined to 3.4% in February, from 3.7% in January. Businesses reported that unit costs had grown by 9.8% in the year to February, down from 9.9% in January. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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