BOE: Consumers’ 1-Yr Inflation Expectations 2.2% vs 1.9%

Consumer expectations for average inflation in subsequent yr 2.3% in May vs 2.1% in Feb., Bank of England survey says. *Consumers say rates on items such as mortgages and bank loans fell 1% in last 12 mnths vs 1% rise in Feb. **May reading is lowest in a year *5-yr inflation expectations unch at 2.8% *Expectations for interest-rate increase in coming 12 mnths 33% vs 28% *Satisfaction with how BOE does its job to control inflation unch at 35% *Respondents’ assessment of current inflation rate unch at 2.2% *NOTE: GfK NOP questioned 2,002 people from May 8-13

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