UK's inflation expectations reach eight-year high

Britons' inflation expectations rose to the highest level for eight years in November, the Bank of England's Inflation Attitudes Survey has revealed.

Consumers expect prices to rise by 3 % in the next 12 months, the highest median forecast since the report started in 1999, the Bank said on Thursday. The quarterly survey included responses from 2,054 people.

The poll is likely to make it harder for the Bank's Monetary Policy Committee to lower interest rates further, after last week's cut, whi