UK public's inflation expectations fall, BoE says

People shop for groceries in south east London
A customer counts money to pay for meat at a butchers shop in Lewisham Market, south east London, Britain, March 9, 2023. REUTERS/Hannah McKay

LONDON, March 17 (Reuters) - The British public's expectations for inflation have fallen, the Bank of England said in a survey it published on Friday ahead of its decision next week on whether to raise interest rates for the 11th meeting in a row.

Expectations for inflation over the coming year time dropped to 3.9% from 4.8% in November while those for inflation in the following 12 months - which are closely watched by the BoE - fell to 3.0% from 3.4%.

Expectations for inflation in five years' time fell to 3.0% from 3.3% in November.

Reporting by William Schomberg; editing by William James

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