Inflation target and interest rates about right, UK survey suggest

Median expectations of inflation for February 2016 were 1.8%

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Bank of England releases latest inflation expectations survey

In the latest Bank of England (BoE) inflation survey, members of the public were asked what would be best for the economy - higher interest rates, lower interest rates or no change? The most popular answer: no change.

Despite the percentage of people voting for interest rates to increase rising from the previous survey (to 21%, from 16% in November 2015), 38% of respondents felt there was no need for interest rates to go up or down.

4,166 people were interviewed by the bank. In November

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