Public satisfaction with Bank of England falls to record low

Only 19% satisfied with the BoE's performance in fighting inflation

Elliot Gulliver-Needham
clock • 1 min read

The public’s support for the Bank of England (BoE) in its battle against inflation has fallen to a record low, as the number calling for interest rates to be cut reaches its highest since the Global Financial Crisis.

After the central bank saw its first-ever net negative approval rating last year, its reputation has continued to decline among the general public, the BoE's latest quarterly survey revealed last week (15 September). The survey, which was sampled between 4 and 7 August, found that only 19% of the public was satisfied with the BoE's performance in fighting inflation compared to 40% dissatisfied, the lowest since records began in 1999. Even during the Global Financial Crisis, opinions of the Bank of England remained positive, with its low point seeing 38% satisfied to 28% dissatisfied i...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Five key takeaways from the Spring Statement 2025

Five key takeaways from the Spring Statement 2025

OBR growth, ISA reforms and defence

Sorin Dojan
clock 27 March 2025 • 4 min read
Bank of England halts interest rate cuts amid ongoing inflation

Bank of England halts interest rate cuts amid ongoing inflation

As priced in by markets

Sorin Dojan
clock 20 March 2025 • 2 min read
More work needed to tackle inflation as BoE members warn of further market turmoil

More work needed to tackle inflation as BoE members warn of further market turmoil

BoE MPC members spoke at Treasury Committee hearing

Sorin Dojan
clock 06 March 2025 • 2 min read