Thursday, 11 March 2010

UK inflation expectations nudge higher in Feb - BoE

"LONDON (Reuters) - The publics' expectations for inflation over the next 12 months rose slightly to 2.5 percent in February from 2.4 percent in November, a quarterly survey from the Bank of England showed on Thursday.Consumer price inflation hit 3.5 percent in January, well above the BoE's 2 percent target, though the central bank expects it to fall back within target by the end of the year.The public estimated in February that inflation was running at an annual 3.4 percent, compared to 3.2 percent in November."

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