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Evening Standard
Evening Standard
Business
Daniel O'Boyle

Public thinks inflation will still be too high in late 2028, Bank of England survey reveals

Bank of England Inflation Interest Rates

The public believes that inflation will still be too high in late 2028, a Bank of England survey has revealed.

The Bank of England/Ipsos Inflation Attitudes Survey suggests that the public doubts the Bank’s ability to bring inflation down to the 2% target. When asked what they expect the rate of inflation to be a year from now, respondents gave a median answer of 3.3%. For three years from now, they said 2.8%.. In five years, they said it will be 3.2%.

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