[Citigroup: Inflation Expectations Decline, Easing Pressure on Bank of England to Raise Rates] Jin10 Data reported on June 26 that UK households' inflation expectations fell in June, following a drop in oil prices, marking the latest sign that the Bank of England might avoid raising interest rates. A survey by Citigroup and YouGov found that one-year inflation expectations dropped from 4.7% in May to 3.8% this month, returning to levels seen in January before the outbreak of the Iran conflict. Long-term inflation expectations also fell by 0.1 percentage points to 3.9%, aligning with the six-month average before the conflict began. The sudden decline in inflation expectations will ease the Bank of England's concerns about the war potentially triggering a price spiral, where businesses and consumers continuously raise prices and wages to offset rising costs, creating a self-reinforcing inflationary cycle. Market expectations that the Bank of England can avoid raising interest rates have been growing, with bets on rate hikes decreasing in recent weeks.