UK net saying interest rates have risen
UK net saying interest rates have risen stood at 40 Net balance % in Q3 2026, according to Bank of England — statistical and research datasets. It is one of the indicators in the Public inflation expectations table (Value · Quarterly), with a complete series running from Q4 1999 to Q3 2026. The complete series with an interactive chart, free to download.
This indicator in the Public inflation expectations table
| Indicator | Q3-2026 | Q2-2026 | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Attitudes to the inflation target and the Bank of England | |||||||||||
| Net saying interest rates have risen | 40 | 32 | -2 | 12 | 0 | 6 | 13 | 21 | 44 | 57 | |
| Net expecting interest rates to rise | 40 | 42 | 2 | 13 | 4 | -1 | 5 | -1 | -9 | 6 |
Understanding UK net saying interest rates have risen
Perceptions of borrowing costs across the United Kingdom are captured via this net balance, which subtracts the percentage of adults reporting that interest rates fell over the past year from those reporting that they rose. While partner series measure future interest rate expectations or attitudes toward inflation, this measure isolates backward-looking public awareness of credit conditions and monetary tightening.
Results are reported as a percentage balance without seasonal adjustment and are not subject to statistical revisions. When evaluating this metric, analysts should remember that a positive net balance indicates that perceived increases outnumbered perceived drops across the population, not the magnitude of any interest rate change. Gaps between this measure and official bank rate adjustments often illuminate the uneven speed at which lending and deposit rate shifts reach households.
Frequently asked questions
- How is this net balance calculated?
- The balance is derived by subtracting the proportion of respondents saying interest rates fell over the past twelve months from the proportion saying they rose.
- Does a large positive balance signify large basis-point increases?
- No, the balance reflects the breadth of public agreement regarding the direction of rates, not the numerical size of the changes.
- Are these net perception figures adjusted for seasonal effects?
- The series is published quarterly without seasonal adjustment or historical revisions.