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Bank Of England Inflation Attitudes Survey

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Was anyone on here in the 2,054 sample?

Highlights from the survey

Question 1: Asked to give the current rate of inflation, respondents gave a median answer of 4.8%, compared with 4.5% in May.

Question 2a: Median expectations of the rate of inflation over the coming year were 4.2%, compared with 3.9% in May.

Question 2b: Asked about expected inflation in the twelve months after that, respondents gave a median answer of 3.5%, compared with 3.2% in May.

Question 2c: Asked about expectations of inflation in the longer term, say in five years time, respondents gave a median answer of 3.5%, compared with 3.3% in May.

Question 3: By a margin of 68% to 5%, survey respondents believed that the economy would end up weaker rather than stronger if prices started to rise faster, compared with 67% to 7% in May.

Question 4: 46% of respondents thought the inflation target was ‘about right’, compared with 47% in May, while the proportions saying the target was ‘too high’ or ‘too low’ were 22% and 20% respectively.

Question 5: 22% of respondents thought that interest rates had fallen over the past 12 months, compared with 17% in May, while 25% of respondents said that interest rates had risen over the past 12 months, compared with 28% in May.

Question 6: When asked about the future path of interest rates, 38% of respondents expected rates to rise over the next 12 months, compared with 55% in May. 7% of respondents expected interest rates to fall over the next 12 months, compared with 5% in May.

Question 7: Asked what would be ‘best for the economy’ – higher interest rates, lower rates or no change – 19% thought rates should ‘go up’, compared with 22% in May. 21% of respondents thought that interest rates should ‘go down’, compared with 19% in May. 36% thought interest rates should ‘stay where they are’, the same proportion as in May.

Question 8: When asked what would be ‘best for you personally’, 25% of respondents said interest rates should ‘go up’, compared with 23% in May. 28% of respondents said it would be better for them if interest rates were to ‘go down’, compared with 29% in May.

Questions 9-13: These questions are asked only once a year, in February.*

Question 14: Respondents were asked to assess the way the Bank of England is ‘doing its job to set interest rates to control inflation’. The net satisfaction balance – the proportion satisfied minus the proportion dissatisfied – was +16%, compared with +22% in May.

Notes to Editors

GfK NOP interviewed a quota sample of 2,054 people aged 16 and over in 175 randomly selected output areas throughout the United Kingdom between 18 and 23 August 2011. The raw data were weighted to match the demographic profile of the UK as a whole.

* Although the main survey is conducted quarterly, the February survey each year includes five extra questions, the answers to which have been shown to change slowly over time, and is double the sample size of the other surveys.


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What are these jerks on? What is the point of wasting time and money having surveys about inflation expections when they refuse to even being to take any action against existing inflation.

Good job most of the public are backward monkeys in terms of understanding who is really destroying their incomes, savings and livelihoods otherwise these banksters at the top of the tree would be due for a felling.

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