Here’s some fresh forward guidance.
Nearly 50 per cent of respondents to the Bank of England’s quarterly inflation attitudes survey said they expected a rate hike within the next 12 months as the UK’s recovery gathers steam, reports FTAdviser sister title FastFT.
That’s the highest level in more than three years, with 49 per cent of the more than 2,000 people surveyed predicting a rise within a year, up from just 29 per cent in August 2013.
The Bank of England yesterday held the benchmark rate at its record low of 0.5 per cent, but economists are looking to the release of the detailed minutes later this month to see whether there was a split vote on the BoE’s monetary policy committee, as there was in July when two committee members voted for an earlier hike.
Here’s the link to the full survey.
