Its research shows that although 76% of respondents expect the Bank base rate to be higher than the current all time low of 0.5% by the end of 2010, only 6% of respondents believe that it will have risen to more than 2%, well below the long-term average of 5%.
The average Bank base rate expectation for Q4 2010 is 1.1%, a rise of only 0.6% from the current level.

Neil Young, chief executive of Young Group, said: “Certainly in the short term, the Bank of England’s Monetary Policy Committee is unlikely to make any significant change to the Bank base rate.

“Despite beginning its programme of quantitative easing back in March 2009, the full impact is still yet to be assessed.  The MPC is likely to hold off announcing further changes until it has access to next month’s quarterly inflation report which will provide a full update on the state of the economy.”