BoE DMP survey: UK businesses’ inflation expectations drop to 2.6% in September quarter

The latest survey of Decision Maker Panel (DMP) of Bank of England (BoE) showed on Thursday that “UK businesses’ expected one-year CPI inflation fell another 0.1 percentage point to 2.6% in the quarter to September.”

Key points

Expected one-year wage growth was unchanged at 4.1% on a three-month moving average basis in September.

Business uncertainty fell in the three months to September.

The survey is one of the most closely followed by members of the BoE’s Monetary Policy Committee (MPC).

Market reaction

The Pound Sterling extends sell-off due to UK corporate inflation expectations, as GBP/USD falls 1.15% on the day to trade near 1.3115, at press time.

Source: Fx Street

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