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The Bank of England (BoE) released its quarterly survey on Friday. Consumer inflation expectations for the coming year in the UK declined to 1.8% in March from 2.0% in November. March's reading was the lowest level since November 1999.
Inflation expectations for coming two years in the U.K. fell to 2.1% in March from 2.3% in November.
The annual consumer price inflation in the U.K. was 0.3% in January, below the central bank's 2% target.
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