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- Title
Public attitudes to inflation and monetary policy.
- Authors
Barnett, Alma; Oomen, Oziem; Bell, Venetia
- Abstract
According to the Bank/GfK NOP survey, near-term inflation expectations have fallen markedly over the past year from elevated levels. In part, that may have reflected a reduction in households' perceptions of current inflation. But it is also likely to have reflected weaker demand prospects. Longer-term measures of inflation expectations were a little higher in May than in February. Households' perceptions of the current level of interest rates have fallen, as both borrowing and saving rates have declined. Households report that they expect interest rates to rise over the year ahead. The net balance of respondents satisfied with the performance of the Bank has fallen over the past year. That may reflect concerns about the economic outlook and the financial crisis.
- Subjects
UNITED Kingdom; PRICE inflation; MONETARY policy; ECONOMIC demand; HOUSEHOLDS; INTEREST rates; FINANCIAL crises; BANK of England
- Publication
Bank of England Quarterly Bulletin, 2009, Vol 49, Issue 2, p101
- ISSN
0005-5166
- Publication type
Article