BOE Feb survey shows a rise in rate hike expectations

The latest Bank of England (BOE) commissioned survey released today showed public expectations of rate hike in next 12 months ticked higher to 38% in February from the previous figure of 35%.

Key points

Public inflation expectations for year ahead 1.8% vs. 2.0 previous (November)

Inflation expectations for 2 years ahead stand at 2.1% vs. 2.3% previous

Net public satisfaction with BOE dropped to lowest level since Nov 2014