Inflation will keep breaching BoE target over next half decade

© Provided by City AM

Inflation will routinely breach the Bank of England’s target over the next half a decade, according to fresh data released today.

The Bank’s latest survey on inflation expectations shows Brits think inflation will hit three per cent in five years’ time, one percentage point above the Old Lady’s target.

Over the next year, inflation will hit 2.7 per cent, and reach 2.2 per cent in the next twelve months after that, according to the survey.

More to follow.

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