The United Kingdom's one-year Consumer inflation expectations rose to 3% in November.
According to the quarterly survey conducted by the Bank of England in November, the median expectation of inflation for the next year among Consumers is 3%, up from 2.7% in August 2024. When asked about expected inflation 12 months later, the respondents provided a median of 2.8%, higher than the 2.6% from August. The median expectation for long-term inflation (for example, five years) is 3.4%, up from 3.2% in August.
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Express News | Institutions: Despite weak GDP data from the United Kingdom, the market expects the Bank of England to remain on hold in December.
International Netherlands: The United Kingdom's GDP growth is expected to rebound in 2025.
On December 13, Gelonghui reported that in the second half of this year, the economic growth momentum of the United Kingdom has noticeably slowed. The latest data shows that the UK's GDP declined by 0.1% for the second consecutive month in October. However, Analyst James Smith from ING expressed in a report that neither the initial boost nor the recent downturn is likely to be as extreme as the monthly GDP data for this year suggests. He stated that in fact, based on the recent government budget (which increased public spending by about 60 billion British Pound compared to previous plans), the economic growth rate of the United Kingdom next year should surpass that of most Western European countries. Unless...
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U.K. GDP Growth to Rebound in 2025 -- Market Talk