The Financial institution of England (BoE) reveals that 58% of respondents in its inflation attitudes survey count on rates of interest to rise over the subsequent 12 months.
This determine is down from 74% in November final yr.
The survey, carried out on the Financial institution of England’s behalf by Ipsos, discovered that 21% of respondents count on charges to remain about the identical over the subsequent 12 months, up from 11% in November.
Elsewhere, the survey reveals that the median expectation of the speed of inflation over the approaching yr was 3.9%, a 4.8% lower in comparison with November.
When requested what could be greatest for the economic system, 16% of respondents thought rates of interest ought to go up in comparison with 20% in November, whereas 33% thought charges ought to go down in comparison with 30% within the final survey.
Simply over 1 / 4 (27%) thought charges ought to keep the place they’re, a 2% enhance from November’s determine.
When requested what could be greatest for folks on a private degree, 27% of respondents mentioned it might be higher for them if rates of interest have been to ‘go up’, the identical determine as November’s survey.
In the meantime, 30% of respondents mentioned it might be higher for them if rates of interest have been to ‘go down’, in keeping with 30% in November.
General, 25% of respondents say they’re both ‘very’ or ‘pretty’ happy with the best way the BoE is controlling inflation whereas 30% are dissatisfied not directly.
Ipsos interviewed two quota samples of individuals aged 16 to 75 throughout the UK. The primary pattern was surveyed between 3 and 6 February 2022 and the second between 17 and 19 February 2023.
