CISI: No rate rise for 12 months

A further 22% anticipate the rate will remain unchanged for nine months while 17% think an increase is six months away.

Only 10% predict the rate will be hiked from its record low of 0.5% before the end of 2011.

Comments from those taking part included that it would be would be “economic suicide” to raise the rate in the near future as business and personal finance is “maxed out”.

“Increasing rates will have a severe recessional effect and create unrest that has not been seen since the 1920s,” warned one contributor.

Simon Cuhane, CISI CEO, said: "The survey reflects our members' greater concerns about the addressing the underlying fragility of the recovery rather than tackling inflation."

The survey asked more than 550 financial services professionals their opinions.