More than a third of Britons think interest rates will rise in the next 12 months, a survey showed on Sunday, suggesting the Bank of England's first attempt to ease concern over higher rates ahead has had little effect beyond financial markets.
The bank and its new governor, Mark Carney, will have to hope for more success with their next try - likely to come in more detailed form in early August - as they work to encourage consumers to spend more and spur economic growth.
The survey by financial data company Markit found that on top of the 35 percent of respondents who expected the Bank of England to raise rates over the next year, a further 18 percent thought it would happen in 13 to 24 months' time. Only 16 percent of Britons agreed with financial markets, which are predicting that the central bank will start raising interest rates in two years' time at the earliest.
Comments
Comments are closed.