LONDON, Sept 15 Reuters The British public39;s predictions for inflation in the coming years were broadly stable during August, according to a Bank of England survey that will reassure its officials that expectations are not spiralling out of control.

The BoE39;s inflation attitudes survey, conducted by polling firm Ipsos, showed inflation expectations for the coming year rose to 3.6 in August from 3.5 in May.

For five years ahead crucial for BoE policymakers who want to ensure that high inflation is not becoming permanently embedded in the public mindset expectations eased to 2.9 from 3.0 in May, the lowest reading since May 2021.

There were growing signs of discomfort with the rise in interest rates since December 2021, which has taken the BoE39;s Bank Rate to 5.25 from 0.1.

Some 40 of Britons said it would be best for the economy if interest rates fell and 34 said that would be best for them personally each marking their highest reading since November 2008, at the height of the global financial crisis.

With Britain suffering the highest rate of inflation among major advanced economies, the public39;s net satisfaction with the BoE39;s job in controlling price growth fell to 21 the lowest reading since the survey started in 1999.

Reporting by Andy Bruce; editing by Sarah Young and Elizabeth Piper

Source Reuters