The proportion of companies raising prices dropped sharply by 7 percentage points, Bank of England survey eases inflation concerns.
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- The latest monthly decision maker panel survey from the Bank of England shows that in May, 57% of UK companies expected to raise prices due to the global energy shock, down 7 percentage points from 64% in April. This change has eased market concerns about companies further pushing up inflation through price increases.
- Barclays economists pointed out in a report that the latest data has given the market some reassurance. Meanwhile, data shows that the total rate hike priced in by investors for the UK benchmark interest rate in 2026 is 41 basis points.
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