UK public inflation expectations slump due to COVID, BoE says

LONDON (Reuters) - The British public's long-term expectations for inflation slumped to a record low in May as the coronavirus hit the economy, a quarterly Bank of England survey showed on Friday. The BoE said the public's average estimate for inflation in five years' time fell to 2.6% in May from 3.4% in February, the lowest since the survey began in 2009.