Public supports tough inflation controls

The survey of inflation expectations also found members of the public believe inflation is well above the Bank’s 2% target, and support raising interest rates to control the situation. When asked how well the Bank of England was performing its role of setting interest rates and controlling inflation, net satisfaction was 22%, down from 30% in February, and the lowest satisfaction rating since records began in 1999. Furthermore, 48% of respondents believe interest rates will rise over the next twelve months, up from 43% in February, while just 17% thought they would fall. On average, t...