UK YEAR-AHEAD PUBLIC INFLATION EXPECTATIONS RISE TO 3.3% IN OCT

British households' expectations for inflation over the next 12 months rose again in October, adding to the likelihood that the Bank of England will only cut interest rates once a quarter.

Expectations for inflation in a year's time rose to 3.3% in October from 3.2%, up from a trough of 2.6% in June. For five to 10 years' time, expectations rose to 3.8% in October from 3.6% and are 0.8 percentage points above June's low.

Learn More