BOE Decision Maker Panel (DMP) survey: inflation expectations fall to 2.9% from 3.2%

The BOE Decision-Maker Panel survey shows:

• 1-year inflation expectations fell to 2.9% down in April from 3.2% in March
• The 3-month average fell by 0.2% points to 3.1% in April
• 3-year ahead CPI inflation expectations were unchanged at 2.7% in the three months to April
• 1-year ahead wage growth expectations declined slightly to 4.8% on a three month moving average basis.

Soft inflation expectations from the DMP.

This article was written by Greg Michalowski at www.forexlive.com.