Bank of England Faces Interest Rate Dilemma as Starting Salaries Rise Nearly 9% – Your Capital Minds

Over a third of don't know how much interest their account earns - Credit Connect

Over a third (35%) of people say they don’t know how much interest their current or savings account earns, according to research from savings app, Spring. The findings come as the UK inflation rate jumped to 3.5% in April – the highest in more than a year – eating away at the potential savings of millions across the country. When asked how they manage and think about their money, a further third (33%) said they wouldn’t actively move cash into a…

Bank of England faces interest rate dilemma as starting salaries rise nearly 9% – Your Capital Minds

The Bank of England is facing a renewed challenge in its efforts to manage inflation and steer the economy, after fresh data showed starting salaries in the UK rose at their fastest pace in nearly three years. According to the latest figures from job search platform Adzuna, the average advertised salary hit £42,278 in April, a rise of 8.9% year-on-year, marking the steepest annual increase since June 2022. On a monthly basis, salaries rose by 0.…

Bank of England faces interest rate dilemma as starting salaries rise nearly 9%

The Bank of England is facing a renewed challenge in its efforts to manage inflation and steer the economy, after fresh data showed starting salaries in the UK rose at their fastest pace in nearly three years. According to the latest figures from job search platform Adzuna, the average advertised salary hit £42,278 in April, a rise of 8.9% year-on-year, marking the steepest annual increase since June 2022. On a monthly basis, salaries rose by 0.…