Some 45% said it would impact their savings with rates already at a very low level following a stagnant 0.5% base rate over the past three years.
In addition 15% of people were against a cut because inflation still needed to be controlled.
On the other hand 35% said cutting the Bank base rate would be a good move with 15% saying that they hoped it would result in a decrease in mortgage payments. A fifth supported a base rate cut believing it would help stimulate growth in the UK.
Kevin Mountford, head of banking at Moneysupermarket, said: “It's no surprise savers have come out fighting against the proposed rate cut as they have suffered from low rates since base rate fell to a record low in March 2009, especially those who relied on the savings interest to provide a regular income.
“The majority of borrowers on the other hand have benefitted from the low interest rate environment which has resulted in many people having lower monthly mortgage payments.
A base rate cut would not be good for banks as it could make it more difficult for them to be flexible on pricing and as we have seen more recently on mortgages, it could give them the perfect opportunity to decouple rates from Bank of England base rate altogether.”
