BoE DMP:
Importance
Level 1
- Raises 1yr ahead CPI to 3.5% (prev. 3.1)
- Raises 3yr ahead CPI to 2.8% (prev. 2.7%)
- 1yr ahead wage growth 2.4% (prev. 3.5%)
- 64% of firms expected to increase their prices (with 4% lowering prices).
- 68% expected their profit margins to be lower (with 6% expecting higher margins).
- The picture was more mixed on wages, with 26% expecting wages to be higher and 16% expecting them to be lower.
- Sales and employment are also expected to be lower than they would have been, on average.