Public confidence in the Bank of England’s ability to bring inflation back under control plunged to a new low today, according to the Bank’s quarterly public survey.
The Bank’s net satisfaction rate, when members of the public were asked whether it was ‘doing its job to set interest rates to control inflation’, was minus 21%. That is down from minus 13% in May 2023, and easily the lowest rate since records began in 1999, soon after the Bank became independent.
