General · 12 June 2026
Households expect record inflation, rates may go up
Britons now expect inflation to stay high for years, which could push the Bank of England to raise interest rates soon. A Bank of England survey found people believe prices will rise 3.9% over the next five years, the highest reading since 2009. Economists are worried this signals persistent inflation and could lead to more rate rises this summer.
Reported by City AM · How we write briefs