LONDON (Reuters) -The British public’s expectations for inflation over the next 12 months fell to 3.7% in November from 4.2% the previous month, a survey by YouGov for the U.S. bank Citi showed on Wednesday.

Citi said the reading could boost the chances of a December rate cut by the Bank of England, after British inflation slowed last month for the first time since May.

Long-term inflation expectations also fell to 3.9% in November from 4.2% in October, Citi’s monthly survey showed.

“If this downgrade is replicated, both over time and across the various inflation expectation surveys, we think it could challenge the idea prevalent in the MPC that expectations are an ongoing barrier to both a lower terminal rate and a faster pace of cuts,” Citi economists wrote.

The BoE had paused its qu

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