Fewer people expect interest rates to rise in the next 12 months than at any time since August last year, a survey has shown.
Against a backdrop of falling house prices, 57 per cent of people expect rates to rise in the coming year against 73 per cent in August.
The figures were released in the Bank of England's quarterly survey of public attitudes to inflation yesterday.
About a fifth of respondents to the poll of 2,034 people expected rates to remain the same, compared with 11 per cent in August.
Asked whether higher, lower or frozen rates would be best for the British economy, 14 per cent said they should go up, the lowest response since May last year, compared with 20 per cent in the August 2004 survey.
A slightly higher number of people than in August approved of the bank's success in controlling inflation.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereComments are closed on this article