Public attitudes to monetary policy and satisfaction with the Bank

Rashmi Harimohan () and Rosey Jeffery ()
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Rashmi Harimohan: Bank of England
Rosey Jeffery: Bank of England

Bank of England Quarterly Bulletin, 2012, vol. 52, issue 2, 124-128

Abstract: The past few years have been an extraordinary period for the UK economy and monetary policy. This article examines how that has affected households’ awareness and understanding of monetary policy. Results from the Bank/GfK NOP survey suggest that public awareness of the policy framework has remained broadly constant throughout the life of the survey, but that the Bank’s asset purchase programme appears to be less well understood than the setting of interest rates. Satisfaction with the way the Bank sets interest rates has fallen since the onset of the financial crisis, but remains positive. That may, in part, reflect ongoing concerns about the economic outlook.

Date: 2012
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