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jm78

Ft: Public Expectations Of Inflation Reach Highest Level On Record

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http://www.ft.com/cms/s/0/d871cecc-f0e6-11...00779fd2ac.html

"Public expectations of future inflation have reached the highest level on record, according to a survey that will make policymakers reluctant to cut interest rates again without clear evidence that the economy is slowing enough to check demand.

The Bank of England’s quarterly survey of attitudes to inflation showed people on average thought prices would rise 3.3 per cent over the next year, the highest level in the survey’s seven year history and well above the Bank’s 2 per cent target. "

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http://www.ft.com/cms/s/0/d871cecc-f0e6-11...00779fd2ac.html

"Public expectations of future inflation have reached the highest level on record, according to a survey that will make policymakers reluctant to cut interest rates again without clear evidence that the economy is slowing enough to check demand.

The Bank of England’s quarterly survey of attitudes to inflation showed people on average thought prices would rise 3.3 per cent over the next year, the highest level in the survey’s seven year history and well above the Bank’s 2 per cent target. "

The problem is that this doesn't mean much since most of the general public wouldn't have a clue what inflation actually is and what causes it.

They aren't going to start demanding IRs stay high to prevent something they don't know/understand. They are on the other hand conditioned to the idea that falling IRs are good for keeping their house prices high. :(

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  • 295 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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