News · 12 June 2026
Households expect record inflation, rates may go up
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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
