How Much Further Can the Bank of England Cut Rates?

How Much Further Can the Bank of England Cut Rates?

Using the Bank’s old target inflation measure, Bank rate is already slightly negative in “real” terms.

Barclays makes major change to savings account in huge blow to customers

Barclays has lowered the interest rate on its Rainy Day Saver account in a major blow to its customers. The interest rate has now dropped from 4.87% to 4.61%. It marks the second time Barclays has cut savings rates in the last four months. It previously offered a rate of 5.12% for its Rainy Day Saver but this was cut by the bank in February. It comes ahead of the Bank of England announcing its next interest rate decision on Thursday. It is widel…

The Bank of England is still expected to make three more interest rate cuts.

Citi Expects Three More Bank of England Rate Cuts This Year Citi still expects the Bank of England to cut interest rates three more times this year, following a riseRead More...