This annual article on the latest survey of households carried out by NMG Consulting on behalf of the Bank focuses on the potential impact of higher interest rates. If interest rates were to rise by two percentage points, while over the same period incomes rose by 10%, then the proportion of...

Well-anchored inflation expectations play an important role in the achievement of the Monetary Policy Committee’s (MPC’s) 2% inflation target. At the moment, available measures are consistent with inflation expectations remaining well anchored to the MPC’s target. Empirical work suggests...