Two-thirds of Brits 'expect interest rates to rise by 2015'

Two-thirds of the British public expect interest rates to rise by 2015, according to the latest ITV News Index carried out by ComRes.

Of the 2,053 adults surveyed:

  • 4% thought interest rates would rise by the end of the year
  • 37% said it will happen in 2014
  • 25% opted for 2015
  • 7% believe it will take place in 2016
  • 5% felt it will be in 2017 or later
  • 23% said they did not know

Earlier today, Governor Mark Carney said the Bank of England will consider making changes to interest rates when the UK's unemployment rate reaches the 7% threshold - it was 7.1% in September.

Mr Carney said there was a "two in five chance" that the unemployment rate will make that threshold by the end of next year.


Bank raises growth forecast

The Bank of England upgraded its growth forecast for 2013 from 1.4% to 1.6% today and announced "the recovery has finally taken hold". The moves comes after government figures showed unemployment had fallen by 48,000.