Savings boost as Bank of England reveals interest rates could rise further

Savings boost as Bank of England reveals interest rates could rise further
 

All nine members of the Bank of England's Monetary Policy Committee (MPC) voted to keep interest rates on hold last week, but the announcement was accompanied by news that the rates are expected to rise "earlier" and by a "somewhat greater extent" than what was predicted in November.
Gertjan Vlieghe told a panel discussion hosted by the Resolution Foundation think tank that savers could soon be given a much-needed boost.
The BoE policymaker said: “A further rise in interest rates is likely to be appropriate if all those trends continue and we are on a trajectory. It... read more

 
12 February 2018 in Business, Views: 57
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