The British public's expectations for inflation in the long run rose in February to their highest level in more than five years, according to a Bank of England survey on Friday that is likely to underscore its cautious approach to cutting interest rates. Expectations for inflation in five years' time or longer rose to 3.6% in February from 3.4% in the previous survey, conducted in November, the BoE said. It marked the highest reading since November 2019.