BOE/Ipsos Inflation next 12 months June: 4.6% vs. 4.3% previous

Dhwani Mehta FXStreet

The results of the Bank of England/ Ipsos latest quarterly survey of public attitudes to inflation showed that they see inflation rising to 4.6% in the next 12 months vs. 4.3% expected in February 2022.

Key takeaways

“Asked about expectations of inflation in the longer term, say in five years’ time, respondents gave a median answer of 3.5%, up from 3.3% in February 2022.”

“By a margin of 66% to 9%, survey respondents believed that the economy would end up weaker rather than stronger if prices started to rise faster, compared with 59% to 7% in February 2022.“

“When asked about the future path of interest rates, 15% said they expected rates to stay about the same over the next twelve months, compared with 16% in February 2022. 70% of respondents expected rates to rise over the next 12 months, up from 65% in February 2022.”

Market reaction

GBP/USD is holding the lower ground, unfazed by the above survey findings. At the press time, cable is trading at 1.2480, losing 0.08% on the day.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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