RTTNews - Inflation expectations for the coming year in the U.K. rose to 2.4% from 2.1% in February, the latest quarterly BoE/GfK NOP Inflation Attitudes Survey released by the Bank of England showed Thursday. Respondents assessed the current inflation rate at 4% compared with 4.2% in February.

By a margin of 63% to 9%, respondents viewed that the economy would end up weaker rather than stronger if prices started to rise again. Around 52% of respondents assessed that the inflation target was 'about right' versus 53% in February. While, 20% said the target was 'too high' and 16% said it was 'too low.'

GfK NOP interviewed a quota sample of 2,099 people between May 7 and 12.

Nearly 44% of respondents expected the interest rates to rise over the next twelve months compared with 33% in February and 10% expected interest rates to fall over the coming twelve months.

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