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Public attitudes to monetary policy and satisfaction with the Bank


  • Harimohan, Rashmi

    () (Bank of England)

  • Jeffery, Rosey

    () (Bank of England)


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.

Suggested Citation

  • Harimohan, Rashmi & Jeffery, Rosey, 2012. "Public attitudes to monetary policy and satisfaction with the Bank," Bank of England Quarterly Bulletin, Bank of England, vol. 52(2), pages 124-128.
  • Handle: RePEc:boe:qbullt:0075

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    1. Refet S. Gürkaynak & Andrew T. Levin & Eric T. Swanson, 2006. "Does inflation targeting anchor long-run inflation expectations? evidence from long-term bond yields in the U.S., U.K., and Sweden," Working Paper Series 2006-09, Federal Reserve Bank of San Francisco.
    2. Felix Ritchie, 2008. "Secure access to confidential microdata: four years of the Virtual Microdata Laboratory," Economic & Labour Market Review, Palgrave Macmillan;Office for National Statistics, vol. 2(5), pages 29-34, May.
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    4. Philip Bunn & Colin Ellis, 2012. "How do Individual UK Producer Prices Behave?," Economic Journal, Royal Economic Society, vol. 122(558), pages 16-34, February.
    5. Hughes, Abigail & Saleheen, Jumana, 2012. "UK labour productivity since the onset of the crisis — an international and historical perspective," Bank of England Quarterly Bulletin, Bank of England, vol. 52(2), pages 138-146.
    6. Barnett, Alina & Groen, Jan J J & Mumtaz, Haroon, 2010. "Time-varying inflation expectations and economic fluctuations in the United Kingdom: a structural VAR analysis," Bank of England working papers 392, Bank of England.
    7. Michael F. Bryan & Brent Meyer, 2010. "Are some prices in the CPI more forward looking than others? We think so," Economic Commentary, Federal Reserve Bank of Cleveland, issue May.
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