Public satisfaction with Bank of England falls to record low

Inflation expectations ease

The public’s support for the Bank of England in its battle against inflation has fallen to a record low, as the number calling for interest rates to be cut reaches its highest since the Global Financial Crisis.

After the central bank saw its first ever net negative approval rating last year, its reputation has continued to decline among the general public, the BoE's latest quarterly survey revealed last week (15 September). UK GDP sags by 0.5% in July as recession looms 'around the corner' The survey, which was sampled between 4 and 7 August, found that only 19% of the public was satisfied with the BoE's performance in fighting inflation compared to 40% dissatisfied, the lowest since records began in 1999. Even during the Global Financial Crisis, opinions of the Bank of England re...