U.K. Households' Expectations for Higher Interest Rates Slips
- Survey shows fewer households expect rate rise in next year
- Bank of England made communicating to households a priority
Pedestrians walk past the columns of the Bank of England in London.
Photographer: Simon Dawson/BloombergThis article is for subscribers only.
Fewer British households expect an interest-rate increase in the next twelve months, according to a Bank of England survey.
In May, 51 percent of respondents to a BOE survey expected rates to rise over the next year, down from 58 percent in February, a report published Friday showed. The central bank questioned 2,159 people between 4 and 8 May.