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Tweet There has been a lot of talk about the big winners when interest rates fall -i.e. borrowers. But what about people who rely on a reasonable amount of interest on their deposit accounts – the savers? Falling interest rates are a nightmare for savers, and with the Bank of England (BOE) dropping rates further, [...]
Tweet The fact that the Bank of England (BOE) has slashed interest rates by 1.5% to 3%, I think shows how worried they are about the British economy. In a Bloomberg survey of 60 economists, nobody had predicted such a large cut in one go. You would be forgiven for wondering what the reasoning behind [...]
