Bank of England/GfK NOP Inflation Attitudes Survey
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Why?
The Bank of England firmly believes that the monetary policy
framework established in 1997 will be most effective if it is
accompanied by wide public understanding and support, both for
the objective of price stability and for the methods used to
achieve it.
How?
The Monetary Policy Committee (MPC) uses a variety of methods
to explain to the public its role of setting interest rates
to meet the inflation target. These methods include the publication
of the minutes of their monthly meetings; the quarterly Inflation
Report; speeches and lectures; research papers; appearances
before parliamentary committees; interviews with the media;
visits throughout the UK and an education programme that includes
the ‘Target Two Point Zero’ competition for schools
and colleges.
Since the establishment of the MPC, the Bank has sought to quantify the impact of its efforts to build general public support for price stability: one way to assess this impact has been to use sample surveys of public opinion and awareness.
What?
The quarterly survey of inflation attitudes conducted by GfK NOP
on our behalf commenced in February 2001. The nine questions
asked in these quarterly surveys seek information on public
knowledge, understanding and attitudes toward the MPC process,
as well as expectations of interest rates and inflation and
also look to measure satisfaction/dissatisfaction with the way
the Bank of England is ‘doing its job’. Five questions
that are asked annually cover perceptions of the relationship
between interest rates and inflation and knowledge of who sets
rates.
Where?
For the most recent quarterly survey, and for previous
quarterly survey results by year, use the navigation bar at
the top of the page.
If you have any questions or would like to give us feedback regarding the Inflation Attitudes Survey, you can contact the editor at ma_editor@bankofengland.co.uk.
Key Resources
 |
Summer Quarterly Bulletin
Survey Articles which analyse a year of surveys; |
|
GfK NOP Survey Methodology and Notes Download PDF (115k) |
