Public Confidence in the Bank of England

This article analyses the correlates of public confidence in the Bank of England (BoE) both at the aggregate and individual levels to answer the following two questions: What are the correlates of trust in the BoE? Is the inflation surge associated with a structural shift in attitudes towards the BoE? Data from the BoE’s Inflation Attitudes survey (2001–2023) suggest that although inflation performance and public trust seem associated at the aggregate level, at the individual level this correlation is weaker. Further analyses suggest some changes in the correlates of public confidence since the inflation surge.