Most people asked – 74%, according to a survey carried out by the Bank of England (BoE) – believe that interest rates will increase over the next 12 months.

On the other hand, just 6% expect them to fall.

The last time this survey was carried out, in August of this year, 73% of people asked believes rates would rise.

In all, the BoE interviewed 2,200 adults in the UK about their attitudes towards inflation and how the central bank is handling it.

Other results of interest include the median expectation level of inflation in five years’ time being 3.3%, up just slightly from 3.1% in August, and 20% of people saying higher rates would be best for the British economy, 30% saying rates should go down, and 25% replying that rates should stay as they are.

Further, 27% of people asked said that rising rates would benefit them personally and 30% would benefit by rates falling.

Overall, 23% of respondents say they are either ‘very’ or ‘fairly’ satisfied with the way the BoE is controlling inflation 35% are dissatisfied in some way. With other answers calculated, this gives a net satisfaction score of -12.

In August, this stood at -7, and, in May, -3.