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The British public atitude survey regarding inflation and interest rates

Author

Listed:
  • Marius HERBEI

    (West University of Timisoara)

  • Florin DUMITER

    (West University Vasile Goldis of Arad)

Abstract

The importance of achieving the price stability objective consists in remaining the inflation expectations close to the inflation target in the medium term. As part of its price stability objective, the Bank of England has the task of achieving a 2% inflation target, measured by the annual change in the consumer price index. Regarding these facts, the inflation expectations play a key role in the household and business decision because the inflation expectations are very important for the wage negotiation, and because inflation expectations play an important role in household’s savings decisions. In this article we focus upon the Bank of England / GfK NOP Attitude Survey. The first section deals with some aspects as: the random location, the sample design, the selection of the respondents and the confidence limits for observed survey data. The second section debates the latest trends in household inflation perceptions and expectations. The final section summarizes the public’s attitudes to interest rates and the conduct of the monetary policy.

Suggested Citation

  • Marius HERBEI & Florin DUMITER, 2009. "The British public atitude survey regarding inflation and interest rates," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(10), pages 32-39, December.
    • Handle: RePEc:aio:fpvfcf:v:1:y:2009:i:10:p:32-39
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    More about this item

    Keywords

    price stability; inflation risk; inflation expectations;
    All these keywords.

    JEL classification:

    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects

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