Inflation expectations remain high, despite drop in official rate Fewer people expected the Bank's record-low interest rates to remain unchanged over the coming year than they did in August, at 43pc compared with 49pc. However, the latest reading was still the second-highest since the survey began in 1999. Inflation expectations remained high despite consumer prices inflation falling to 2.2pc in October, from 2.7pc in September. Mark Carney took over as Bank of England Governor in July and a month later the Bank said it would not consider raising interest rates until unemployment falls to 7pc, an attempt to give households and businesses the confidence to spend and spur the recovery. Mr Carney has said the double digit increases announced by the "Big Six" energy firms in recent months had probably pushed up inflation expectations. Edited by Szu Ping Chan for telegraph.co.uk